NAPA Net - Polling Places 060917

How Will You Spend Applicability Week?

Years in the making, and after months of anticipation, the (delayed) applicability date of the fiduciary regulation arrives this week.

Question Title

* 1. So, how will you/your firm be spending this week (check all that apply)?

It’s business as usual.

We’ll be communicating with clients.

We’re still sorting through the details.

We’ll be trying to figure out if we have an issue.

It’s NEXT week I’m worried about.

Other (please specify)

Question Title

* 2. What’s your biggest worry about the fiduciary regulation?

None to speak of.

Compliance monitoring

Excessive litigation

Client confusion

Loss of clients

Having to wait for clarity from the DOL review

Other (please specify)

Question Title

* 3. Speaking of changes resulting from President Trump's ordered review of the regulation's impact, what do you think the odds are that that review will result in major changes to the fiduciary regulation?

About one in a million.

Not very good.

About 50/50.

It’s a certainty.

It’s not so much if as when.

Something else (worse?)?

Question Title

* 4. The new head of the SEC recently welcomed the Labor Department’s invitation to “engage constructively” as the SEC moves forward with its examination of the standards of conduct applicable to investment advisers and broker-dealers and related matters. Do you think the SEC's "reengagement" is:

Long overdue

Just going to muck things up

Likely to slow things down

Not likely to actually amount to much

Something else (worse?)?

Question Title

* 5. Any other comments on preparations for the fiduciary regulation, the lingering uncertainty about its impact, or life in general?

Question Title

* 6. What is your role working with retirement plans?

Advisor

Provider

TPA

Plan sponsor

Recordkeeper

Other (please specify)

Question Title

* 7. What size plans do you PRIMARILY work with?

Under $10 million in assets

$10-$20 million

$20-$50 million

$50-100 million

$100 million - $250 million

$250 million - $500 million

Above $500 million

Other (please specify)

Question Title

* 8. Suggestions for future survey questions?

Question Title

* 9. All responses are anonymous and confidential, of course - but if you'd like me to know who you are, or allow for a response, you can leave your email below...