6 of the Latest & Greatest SmartOffice Changes

SmartOffice has just released its first update for 2017. In a new video, Director of Product Management, Bryan Eshelbrenner, has highlighted 6 of the latest and greatest changes SmartOffice users can take advantage of. Here’s a look at the changes: Hi, I’m Bryan Eschelbrenner from Ebix here to go over some of the highlights in SmartOffice 2017 Release 1 available [now]. 1. Ever go to add a customer in SmartOffice, only to find out you’re out of available fields? Well, try again now. We’ve added 20 fields or more to every data type on every custom field object in SmartOffice. As always you can add these fields to your page layouts, you can add them as columns to your reports and they’re available as merge codes on your letter templates. 2. For those of you who bounce back and forth between SmartOffice Anywhere and SmartOffice Pro, it can be frustrating …

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What the DOL’s Fiduciary Rule Means for Financial Professionals Now

What the DOL’s Fiduciary Rule Means for Financial Professionals Now

The U.S. Labor Department’s so-called fiduciary rule has a long history, and it appears it’s not over. Proposed under the Obama administration, the rule would change the status of some financial professionals under the Employee Retirement Income Security Act (ERISA). It was originally supposed to be phased in in April but has been delayed until June, with a transition period for some exemptions extending through Jan. 1, 2018. In addition, the Trump administration may want to make more changes. For financial professionals, it’s vital to stay up-to-date on the changes. “Good faith is not enough,” says Ronald Surz, president of PPCA. Here’s what financial advisers, especially those who work on commission, need to know. It Establishes Broader Fiduciary Responsibility Under the rule, all financial professionals who work with retirement plans, ESOPs, IRAs and so on, or who provide advice about retirement plans, will have to act in a fiduciary capacity. …

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What the Fed’s Move Means for Annuities

What the Fed’s Move Means for Annuities

In a signal of confidence in the strength of the economy, the Federal Reserve raised interest rates in the middle of March to a range between 0.75% and 1%. This move is a sign that the economy is expected to continue to grow, albeit slowly, and that inflation is at an acceptable level of close to 2%. As a result, experts say annuities brokers should be ready for greater interest from consumers who want to save. “An increase in interest rates will definitely increase the interest in annuities,” says Lou Cannataro, senior partner at Cannataro Park Avenue Financial. Investors are searching for safe ways to grow capital, he says, and many have reverted to high-dividend-paying stocks without giving proper analysis to the amount of risk in such portfolios. Read on to learn more about what higher interest rates mean for the economy overall and annuities in particular. Subdued Inflation — …

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Demystifying the DOL Part 5: Download the Full White Paper

While the DOL Fiduciary Rule is currently in flux, the principal Advisor in a firm still needs to understand the law and the implications of the rule on advisor operations. To help you evaluate the impact on your business, download our free white paper titled Operational Guide for BGAs, FMOs and TMOs Under the DOL Fiduciary Rule. It is an indispensable guide to ensuring that all aspects of your operations are aligned so that your advisors can act as fiduciaries.