PLANADVISER - September/October 2022 - 26
beyond 401(k) / national conference
2022 PLANADVISER
National Conference
Challenges plan advisers face when developing business
strategies-and how to resolve them
T
he
2022
PLANADVISER National Conference, held A Conversation With the SEC
September 12 through 14 in Scottsdale, Arizona, focused
on " breaking through barriers to build sustainable
success for plans, practices and participants. " Among the
speakers, Retirement Plan Advisers of the Year shared how
they deliver optimal plan and participant services; make an
impact on their community; address diversity, equity and
inclusion in their practice; and expand plan access.
Panel discussions covered legislative and regulatory
efforts-including an in-depth conversation with Securities
and Exchange Commission representatives-as well
as current research on participants' behaviors, relating to
individuals' financial need and their priority for retirement
income. Speakers gave tips for how to differentiate one's practice
and communicate with participants to achieve results.
Advisers networked with peers and engaged with experts
to learn how to add value for their clients.
Here we present excerpts from four sessions. For further
coverage of 2022 PANC, please visit planadviser.com.
Three staff members from the Securities and Exchange
Commission-Jacob Krawitz, senior special counsel, division
of investment management; Kelly Shoop, branch chief in the
office of the chief counsel, division of trading and markets;
and Roberta Ufford, senior special counsel at the analytics
office's industry specialist unit, division of investment
management-discussed Regulation Best Interest and other
SEC achievements and efforts in the works.
Reg BI is now in full enforcement, they stressed, as is
the agency's updated interpretation of fiduciary duty as
prescribed by the Investment Advisers Act. This means
advisers and broker/dealers alike must be cognizant of
the fact that " suitability " is not a sufficient standard when
making product or account recommendations.
According to the panel, under Reg BI, when making a
recommendation to a retail customer, a brokerage professional
must act in what is the client's best interest at that
26 | planadviser.com September-October 2022
Photography by Matt Kalinowski
http://www.planadviser.com
http://www.planadviser.com
PLANADVISER - September/October 2022
Table of Contents for the Digital Edition of PLANADVISER - September/October 2022
The Possibilities Ahead
The Full Potential
2022 PLANADVISER National Conference
NQDC Investment Menus
Reg BI’s Impact on 403(b)s
PEPs’ Slow Growth
Scaling for the Future
Rollover Rules for 457(b) Plans
Jorge Bernal
PLANADVISER - September/October 2022 - Cover1
PLANADVISER - September/October 2022 - Cover2
PLANADVISER - September/October 2022 - 1
PLANADVISER - September/October 2022 - 2
PLANADVISER - September/October 2022 - 3
PLANADVISER - September/October 2022 - 4
PLANADVISER - September/October 2022 - 5
PLANADVISER - September/October 2022 - 6
PLANADVISER - September/October 2022 - 7
PLANADVISER - September/October 2022 - 8
PLANADVISER - September/October 2022 - 9
PLANADVISER - September/October 2022 - 10
PLANADVISER - September/October 2022 - 11
PLANADVISER - September/October 2022 - 12
PLANADVISER - September/October 2022 - 13
PLANADVISER - September/October 2022 - 14
PLANADVISER - September/October 2022 - 15
PLANADVISER - September/October 2022 - The Possibilities Ahead
PLANADVISER - September/October 2022 - 17
PLANADVISER - September/October 2022 - 18
PLANADVISER - September/October 2022 - 19
PLANADVISER - September/October 2022 - 20
PLANADVISER - September/October 2022 - 21
PLANADVISER - September/October 2022 - The Full Potential
PLANADVISER - September/October 2022 - 23
PLANADVISER - September/October 2022 - 24
PLANADVISER - September/October 2022 - 25
PLANADVISER - September/October 2022 - 2022 PLANADVISER National Conference
PLANADVISER - September/October 2022 - 27
PLANADVISER - September/October 2022 - 28
PLANADVISER - September/October 2022 - 29
PLANADVISER - September/October 2022 - NQDC Investment Menus
PLANADVISER - September/October 2022 - 31
PLANADVISER - September/October 2022 - Reg BI’s Impact on 403(b)s
PLANADVISER - September/October 2022 - 33
PLANADVISER - September/October 2022 - PEPs’ Slow Growth
PLANADVISER - September/October 2022 - 35
PLANADVISER - September/October 2022 - Scaling for the Future
PLANADVISER - September/October 2022 - 37
PLANADVISER - September/October 2022 - 38
PLANADVISER - September/October 2022 - Rollover Rules for 457(b) Plans
PLANADVISER - September/October 2022 - Jorge Bernal
PLANADVISER - September/October 2022 - Cover3
PLANADVISER - September/October 2022 - Cover4
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