1 (877) 272-4653

25 East Spring Valley Avenue
Maywood, NJ 07607

Template Outline for File-Retention Policy

ile Retention policy The following is a template outline for a file-retention policy created by Ralph Picardi, Esq.   You may use this as a guide as you adopt your own policy. It is important to consult with a local attorney and/or your state society to decide whether and to what extent this sample policy should […]

Read More

Errors & Omissions Insurance for Investment Advisers

Errors & Omissions Insurance [“E&O”] (otherwise known as professional liability) is a type of legal liability insurance that protects advisers from claims made by dissatisfied clients who alleged negligence or other some other wrongful act.  This might include a claim for breach of contract, failure to execute a trade or a simple mistake.  Usually the […]

Read More

Errors & Omission Insurance and the new Department of Labor’s Fiduciary Rule

There has been a lot of media coverage concerning the Department of Labor’s new rule officially issued on April 6, 2016. The rule outlines the new definition of fiduciary and the types of communications that are considered recommendations.  A recommendation is broadly defined as a communication that will reasonably viewed as a suggested course of […]

Read More

The Department of Labor’s Fiduciary Rule

Guest Bloggers Winget, Spadafora & Schwartzberg, LLP have published a white paper about the new rule. May 11 ,2016 The Department of Labor (“DOL”) recently issued its long-anticipated rule amending the regulatory definition of fiduciary investment advice. The Rule replaces the previous five-part test used to determine whether an individual is rendering investment advice for a […]

Read More

The New Fiduciary Rule: Are you Prepared?

The Department of Labor recently announced its new Fiduciary Rule – aka the “conflicts of interest rule.” This new rule expands the definition of fiduciary and alters how investment advice is delivered in retirement accounts. It won’t go into effect for at least another year, but it’s not too early to start thinking about how […]

Read More