Fred Reish was quoted in two InvestmentNews articles regarding adviser compensation under the DOL’s fiduciary rule.

The article titled, “Some use BICE to sell annuities, keep perks; Accepting a stricter compliance regime means certain bonuses can stay intact,” discusses some financial institutions choice to sell fixed annuities under BICE, instead of the 84-24 exemption.

Fred commented that “financial institutions are determining whether trips and bonuses are important enough to forgo the “relative ease” of complying with PTE 84-24, and take on the difficulty and risk of complying with BICE.”

The article titled, “Compensation, rollovers pose challenges; Fiduciary rule means changes from current operating environment in these areas: Reish,” covers reasonable compensation under BICE and the need for greater due diligence.

Source: InvestmentNews