October 2016

Fred Reish Quoted in Media Regarding Adviser Compensation

Fred Reish was quoted in two InvestmentNews articles regarding adviser compensation under the DOL’s fiduciary rule.

The article titled, “Some use BICE to sell annuities, keep perks; Accepting a stricter compliance regime means certain bonuses can stay intact,” discusses some financial institutions choice to sell fixed annuities under BICE, instead of the 84-24 exemption.

Fred commented that “financial institutions are determining whether trips and bonuses are important enough to forgo the “relative ease” of complying with PTE 84-24, and take on the difficulty and risk of complying with BICE.”

The article titled, “Compensation, rollovers pose challenges; Fiduciary rule means changes from current operating environment in these areas: Reish,” covers reasonable compensation under BICE and the need for greater due diligence.

The Faegre Drinker Biddle & Reath LLP website uses cookies to make your browsing experience as useful as possible. In order to have the full site experience, keep cookies enabled on your web browser. By browsing our site with cookies enabled, you are agreeing to their use. Review Faegre Drinker Biddle & Reath LLP's cookies information for more details.