The DOL’s Fiduciary Rule: How Prepared Are You?
In April 2016, the Department of Labor (DOL) has released its long-awaited final fiduciary rule which expands the “investment advice fiduciary” definition under the Employee Retirement Income Security Act of 1974 (ERISA). The rule requires retirement advisors to prioritize the best interest of their clients and provide greater transparency for investors. Given the wide-ranging implications of this rule, it is imperative for financial advisors, broker dealers and insurance agents to review their compensation systems and implement the changes and requirements set forth in the final rule.
In this one and one-half hour LIVE Webcast, a panel of distinguished professionals and thought leaders organized by The Knowledge Group will provide the audience with a comprehensive overview of DOL's Fiduciary Rule. Speakers will also provide an in-depth discussion of the rule's critical elements and potential implications on companies and will share practical tips on how to ensure compliance with applicable laws.
Some of the major topics that will be covered in this course are:
- DOL Final Fiduciary Rule - An Overview
- Exemptions and Regulatory Changes
- Significant Requirements and Legal Challenges
- Risks and Implications
- Possible Implementation Issues
- Possible Delay, Repeal or Replacement
- Best Compliance Practices
Marjorie M. Glover, Partner
Chadbourne & Parke LLP
- Overview of rules and key points
- Affects private funds, IRA’s
- Possible delays and how it might impact financial servces industry
David R. Johanson, Partner
Hawkins Parnell Thackston & Young LLP
- Exclusion of ESOP Appraisers from the Proposed Rule
- No General ESOP Exemption
- Pending Legislation and Likely Deferral of Proposed Rule
Who Should Attend:
- Legal Counsel
- Private and Public Companies
- Insurance Officers
- Employee Benefits Lawyers
- Human Resource Personnel
- Retirement Plan Consultants and Specialists
- Benefits Administrators
Marjorie Glover is the chair of Chadbourne’s executive compensation and employee benefits practice group and of the Firm’s employment law department. Her practice focuses exclusively in the areas of executive compensation and employee benefits law, corporate governance and risk oversight and employment law.
Ms. Glover advises on all aspects of executive compensation, including employment, separation and consulting agreements, equity- and cash-based incentive plans, deferred compensation arrangements and issues under Internal Revenue Code Section 162(m) (executive pay cap limits), 280G (golden parachutes) and 409A (restrictions on non-qualified deferred compensation).
Ms. Glover advises regularly on all aspects of compliance with United States employee benefits laws, including, for example, compliance with ERISA and applicable securities, tax, labor and health insurance laws. She has extensive experience in plan fiduciary matters and in the design, implementation, administration and termination of pension, cash balance, profit-sharing, 401(k) savings, employee stock ownership plans and welfare benefit plans. Ms. Glover represents companies in connection with Department of Labor and Internal Revenue Service filings, audits and investigations.
Ms. Glover advises on employee benefits and executive compensation issues in domestic and cross-border mergers, acquisitions, dispositions, public offerings, private placements, project financing and other financings.
Marjorie Glover is the chair of Chadbourne’s executive compensation and employee benefits practice group and of the Firm’s employment law …
David R. Johanson is Partner-in-Charge of the Napa office of Hawkins Parnell Thackston & Young LLP. He also has offices in San Francisco, Los Angeles, New York, and Dallas to cover his national client base with a team of more than 20 partners, associates, and paralegals. David and his team assist in general corporate matters and in employee ownership, benefit, ERISA, and related business matters, with an emphasis on executive compensation, equity incentive plans, non-qualified deferred compensation, employee stock ownership plans (ESOPs), ESOP transactions, mergers and acquisitions (and related tax planning), and business succession and estate planning. David and his team have defended ERISA fiduciaries, plan sponsors, selling shareholders, and investment advisers in ERISA litigation matters involving ESOPs and business transactions in federal and state courts throughout the country in a wide range of controversies covering ERISA fiduciary responsibilities, ESOP valuation disputes, disclosure obligations, investment issues, non-competition disputes, and tax matters. David has extensive experience in negotiating ESOP, ERISA, and other issues with government regulatory agencies and in representing ERISA fiduciaries and members of Boards of Directors and officers in state and federal litigation throughout the country.
David R. Johanson is Partner-in-Charge of the Napa office of Hawkins Parnell Thackston & Young LLP. He also has offices …
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Method of Presentation:
NASBA Field of Study:
Business Law - Technical
NY Category of CLE Credit:
Areas of Professional Practice
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About Chadbourne & Parke LLP
Chadbourne & Parke LLP is an international law firm dedicated to providing practical business solutions to a diverse range of clients in virtually all areas of law. Our core practices include M&A, corporate/corporate finance, US and international tax, bankruptcy and financial restructuring, energy/renewable energy, project finance, insurance/reinsurance, intellectual property, private equity/fund formation, commercial and product liability litigation, international arbitration, securities litigation and regulatory enforcement and executive compensation and employment. In addition to the US and North America, major geographical areas of concentration include Latin America, Western Europe, Central and Eastern Europe, Russia, the Middle East and Africa.
Founded in 1902, Chadbourne is deeply committed to the success of our clients. We help them navigate the complexities of the global marketplace through collaborative cross-border practices. This multidisciplinary approach enables us to achieve optimal results for our clients in all areas of the world.
About Hawkins Parnell Thackston & Young LLP
Over the last half century, Hawkins Parnell Thackston & Young LLP has grown to include more than 150 lawyers in 9 offices across the country. The team represents many of America’s largest corporations, small local businesses, and individuals in complex litigation and transactions. As national leaders in their fields of expertise, their ESOP, Employee Benefits, M&A, Tax & ERISA group brings extraordinary depth in perspective when advising clients in connection with retirement plans, equity incentives, executive compensation, shareholder issues, fiduciaries, mergers and acquisitions, and employment and benefits litigation throughout the country.