Demystifying the DOL: Your Weekly Guide to the Impending Fiduciary Rule

DOL Fiduciary Ruling

The Department of Labor (DOL) Fiduciary Rule will have a profound impact on most advisors, distribution firms and carriers that work with qualified funds. In this weekly series, we want to help advisors, especially principal advisors, garner an understanding of the law, the implications of the rule on advisor operations, and what you can expect with respect to operations as the rule is implemented this year. In our first post we’d like to provide a brief summary of what’s to come. The Principal Advisor in a practice will be faced with a number of key decisions stemming from the DOL rule, including: Whether he or she wants to remain in the business of selling financial services for qualified funds. Whether to continue to receive commissions on the sale of products (versus aligning the business with a fixed AUM compensation model). The choice of distribution partner, which, in the DOL environment, is …

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6 Tips for a Better Employee Performance Review

6 Tips for a Better Employee Performance Review

The employee performance review process suffers from many problems. Namely, it lacks accountability and metrics, doesn’t allow for frequent feedback, and – here’s the big one – it doesn’t do the best job of actually assessing job performance. Nearly 60% of human resources executives graded their own performance-management systems a C or below, according to a survey by Sibson Consulting and WorldatWork. The survey reported that for more than half of the respondents, the biggest problem is managers’ inability to have difficult performance discussions. These meetings also have a public relations problem – they are viewed as an “HR process” that does not lead to any tangible goals. Should performance management be abandoned altogether? No. However it does need to be refocused into conversations that help employees reach their development goals and help your company get the most out of every team member. Use these 6 tips to help you improve …

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New Year, New Cyber-Threats

New Year, New Cyber-Threats

Have you had to deal with security issues in the past year? Brace yourself, as there are more to come. For this reason, security experts have become indispensable members of society, who guard tech-dependent individuals and businesses against malicious attacks that pose threats to their privacy and livelihood. As you ring in the new year, make sure you’re well armed against the following predicted cyber-crimes. Increased Threats on Cloud Technology Cloud service has numerous benefits to businesses. They make data storage, collaboration, and processing more efficient; they enable employees to work faster; and they help operations flow smoother. Cloud technology’s popularity is expected to rise well into the next few years, but as demand increases, so does the dangers presented by cyber attackers. Ransomware will be More Complex Ransomware incapacitates computer systems by locking down files and preventing access for ransom. In its 2016 Threat Predictions report, security software company …

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