Highlights from our National Education Conference

At Loring Ward’s recent National Education Conference in San Diego, more than 150 financial advisors gathered to learn new ideas from industry experts and from one another. Here is just a sample of what they heard:
“We are honored that you have decided to entrust so many of your clients’ savings to us…and the hopes and dreams these savings represent. Helping clients with the challenges and opportunities of aging and navigating retirement is becoming increasingly important. This is personal for all of us. We want to help you help your clients, but we all have parents and grandparents who need help and guidance throughout retirement.”
Alex Potts, President and CEO, Loring Ward
“If you specialize in retirement, does it say that on your website? Could I go on your website and get links to Medicare, AARP and other resources to help with retirement? If you are a retirement advisor, you should be the source of information — and not just financial information — for your clients.”
Barry LaValley, president, Retirement Lifestyle Center
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Dr. Harry Markowitz Honored by Loring Ward

blog_harry_awardLoring Ward today awarded Dr. Harry Markowitz its Heritage Award at the firm’s National Education Conference in San Diego. Markowitz, best known for winning the Nobel Prize in Economic Sciences in 1990 for his work on portfolio selection, has served on Loring Ward’s Investment Committee since 2010.
According to Loring Ward’s CEO, Alex Potts, “Our firm has drawn on the research and powerful insights of many leading academics to build our Asset Class Investing portfolios, but no one has had a larger and more wide ranging impact than Dr. Markowitz. We are so privileged to be able to honor his lifetime of contributions to financial services, and to recognize his impact on millions of investors.”
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Longevity and Continuity Planning Isn’t Just for Your Clients

It was a crisp, clear day in Sedona, Arizona. As an advisor, I was attending my broker-dealer’s 2007 educational conference and had just finished up a session. I was catching up with my business partner in the foyer when the call came in. A long-time friend and colleague of my partner’s had passed away — a financial advisor for over 45 years.
He was a model of perfect health. He completed over 80 marathons and was an accomplished triathlete. But even someone in such great shape wasn’t immune from life’s inevitability. He lived a rich and fulfilling 75 years, but now had passed without fully implementing a continuity plan. Continue reading

DOL Fiduciary Rule Implementation: The Clock is Ticking

Much ink has been shed on the Department of Labor’s new fiduciary rule since it was released earlier this year. Some have embraced the new rule and welcome it with open arms, while others have filed lawsuits to prevent its implementation. Love it or hate it, the notion of what it means to be a fiduciary to an ERISA plan or IRA has been completely overhauled.
While the nuances of the new rule and its practical impact to the financial advisory community will be addressed at length at Loring Ward’s National Education Conference at the end of this month, here are five initial points to keep in mind:

  1. It will be much more difficult for a registered investment adviser or broker-dealer to avoid being a fiduciary to an ERISA plan or IRA. The “test” for what triggers fiduciary status has been simplified and streamlined, making it much easier to trigger.
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