• Accounting For Fiduciary Funds July 2015

    An overview of accounting for fiduciary funds of state and local governments

    published: 03 Jul 2015
  • Free CPA Exam Deep Dive: Fiduciary Funds

    Get your free trial of Wiley CPAexcel today http://ow.ly/ICCtm In this free CPA Exam Deep Dive from Wiley CPAexcel, Prof. Donald Deis of Texas A&M University - Corpus Christi provides an in-depth look at how a Tax Agency Fund (TAF) works. This is part of the overall Wiley CPAexcel lesson on Fiduciary Funds, which are covered in the FAR section of the CPA Exam.

    published: 07 Jul 2015
  • Fiduciary funds: Agency funds and trust funds FAR CPA exam governmental course

    Like us on Facebook: https://www.facebook.com/accountinglectures Visit the website where you can search using a specific term: http://www.farhatlectures.org/ Connect with Linked In: https://www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a/ Fiduciary funds, agency funds, trust funds, private-purpose funds, pension fund, investment trust funds, private-purpose trust funds

    published: 10 Jun 2017
  • US-Gaap : GASB - Fiduciary Funds

    Four types of Fiduciary funds are Pension Trust funds, Investment Trust funds, Private Purpose Trust funds and Agency funds. Pension trust funds are funds held in trust for payment of employee retirement and benefits. Investment trust funds are funds held in a trust when government is trustee. Private purpose trust funds are trust arrangements where principal remains intact and income generated is used for the benefits. Agency funds are funds held by government in a purely custodial capacity. Audio - Video by SSK Advisory Our Website : http://www.sskadvisory.com/ Subscribe to us YouTube on https://www.youtube.com/channel/UCAnTXIXnZH5vlnfxbbl47OQ?sub_confirmation=1 Like us on Facebook at https://www.facebook.com/SSKAdvisory Follow us on Twitter at https://twitter.com/AdvisorySsk

    published: 27 May 2016
  • wayne lippman Fiduciary fund

    Used to account for funds held by Govt entity as a Trustee or Agent Uses Accrual basis of accounting and Economic Resources measurement focus (2 Exceptions) Only Fund Statements are prepared by Fund Type Statement of Net Assets Statement of Changes in Fiduciary Net Assets Combining Statements

    published: 16 Dec 2015
  • Government Funds

    Please like our Facebook page at https://www.facebook.com/rutgersweb To watch the entire video, go to https://www.youtube.com/watch?v=ThRGdw2NiR4 Video Summary: After giving a brief overview of the learning objectives of the chapter, the measurement focus is outlined (including the difference between operational and fiscal accountability). The modified accrual basis of accounting and accrual basis of accounting are also compared and contrasted. Following that, the primary activities of the government are discussed as well as the two basic sets of financial statements involved (government-wide and fund financial statements). Funds are also defined, as well as the different categories of funds (governmental funds, proprietary funds, and fiduciary funds) - however, governmental funds are fo...

    published: 16 Jul 2015
  • Retirement Plans: Last Week Tonight with John Oliver (HBO)

    Saving for retirement means navigating a potential minefield of high fees and bad advice. Billy Eichner and Kristin Chenoweth share some tips. Connect with Last Week Tonight online... Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight Find Last Week Tonight on Facebook like your mom would: http://Facebook.com/LastWeekTonight Follow us on Twitter for news about jokes and jokes about news: http://Twitter.com/LastWeekTonight Visit our official site for all that other stuff at once: http://www.hbo.com/lastweektonight

    published: 13 Jun 2016
  • Proprietary Fund Accounting 2 22 16

    There are two types of proprietary funds in government accounting – internal service funds, and enterprise funds. These funds operate on the accrual basis. Governmental funds operate on the modified accrual basis. Fiduciary and proprietary on the accrual basis. You are going to use a proprietary fund when the entity in question operates like a business. A business wants to turn a profit. A government does not have to turn a profit, they have to use their resources efficiently. Some questions are aimed at that distinction so look for terms like “net income” to tell you that they are talking about proprietary funds.

    published: 22 Feb 2016
  • Government & Non-Profit Accounting: Accounting for Fiduciary Activities - Agency & Trust Funds

    Government & Non-Profit Accounting: Accounting for Fiduciary Activities - Agencies and Trust Funds (Chapter 8) April 3rd, 2013 by Professor Irfan Bora This lecture is begin with an explanation of how trust funds and agency funds are used to report on the fiduciary activities of a government. Agency funds and trust funds are also compared and contrasted (for trust funds, when they are used privately, for investing, or for pensions). The purpose and applications of agency funds is also discussed, as well as the standard activities and proper financial reporting for agency funds. The purposes, proper accounting, and proper financial reporting methods for cash, investment pools, investment trust funds, private purpose trust funds, and pension trust funds. Lastly, the proper accounting ...

    published: 23 May 2013
  • Beware of fee-BASED fiduciary advisors

    INVESTOR ALERT: Many fee-BASED fiduciary advisors cannot resist the urge to push high-commission index annuities and other crap financial products. Make sure you are working with a fee-only fiduciary on a one-time or one-task basis, memorialized in writing. This video is not intended as investment, tax, accounting or legal advice, as an offer or solicitation of an offer to buy, hold or sell, or as an endorsement, of any company, security, fund, product or other offering.

    published: 25 Jun 2016
  • Why You Need A Fiduciary (Part 1)

    Annex Wealth Management's Dave Spano and Mark Oswald answer a caller's question about his investment, which he thought was a mutual fund. Dave and Mark discussed active vs. passive management, and asked the caller more questions. After some further probing, the caller realized it wasn't a mutual fund at all... (Part 1 of 2)

    published: 04 Aug 2017
  • Fiduciary Rule May Push ETF Assets to $10 Trillion

    https://goo.gl/QPCkqk - Start earning with binary options like millions of traders do The impending fiduciary rule may translate into a huge windfall for exchange-traded funds (ETFs) and exchange-traded notes (ETNs), and some experts predict that these instruments could hold as much as $10 trillion in assets by 2020. The Department of Labor’s new fiduciary rule is already expected to have a substantial impact on the retirement planning industry. Advisors who previously used products and services that paid them a high commission will now be required to start using more lower-cost alternatives, such as exchange-traded products (ETPs). The new rules will officially go into effect on April 10 of next year, and some say this could triple the amount of assets that are invested in ETFs and ETNs w...

    published: 19 Oct 2017
  • Tony Robbins Explains The Meaning Of A Fiduciary

    Tony Robbins Explains The Meaning Of A Fiduciary. Interview at 692 Broadway in NYC for BUILD Series.

    published: 07 Mar 2017
  • The Fiduciary Rule and Its Impact on Mutual Funds

    Broker Edward Jones made headlines last year with the announcement of the firm’s decision to stop offering mutual funds and ETFs in IRA’s and other retirement accounts that charge investors a commission. The firm said this move is needed in order to adhere to the compliance restrictions imposed by the new DOL Fiduciary Rule that saw it’s first implementation take place in June 2017. According to The Wall Street Journal, Edward Jones was among the first of the major brokerage firms to lay out its plans for compliance with the new rules. LPL Financial announced shortly after that it would begin to standardize commission paid to brokers, eliminating the advantage of choosing one fund family or share class over another. More announcements from other major players followed soon after even as un...

    published: 09 Sep 2017
  • How Graham got fiduciary management right

    A story about Graham the pension fund trustee, and how he got fiduciary management right. Go to https://www.lcp.uk.com/fiduciarymanagementoversight for more on LCP's approach to fiduciary management.

    published: 26 May 2016
  • HighTower Whiteboard Animation: Brokers vs. Fiduciaries

    Investors are taking a hard look at the people managing their money. Elliot S. Weissbluth, the CEO of HighTower, has been a visionary on this issue for over a decade. In this whiteboard video, Elliot cleverly explains the difference between brokers and fiduciaries and sheds light on the issues surrounding the industry. http://hightoweradvisors.com/ Securities offered through HighTower Securities, LLC, Member FINRA/SIPC/MSRB, HighTower Advisors, LLC is a SEC registered investment adviser.

    published: 16 Mar 2012
  • Governmental Accounting: Fiduciary Funds Part 1 of 4

    Accounting for Governmental Fiduciary Activities [Somali] by Muhammad Ali Farah from the University of Burao. Please LIKE this video and subscribe to my channel

    published: 14 Sep 2014
  • Fiduciary Management Jargon Busters - What are target date funds?

    published: 08 Dec 2015
  • The Impending Fiduciary Armageddon Of (Most) Mutual Fund Share Classes

    An "#OfficeHours with Michael Kitces" Periscope, looking at the impending fiduciary Armageddon of (most) mutual fund share classes. For further details, see https://www.kitces.com/blog/variable-annuity-mutual-fund-share-classes-ending-under-dol-fiduciary/

    published: 22 Feb 2017
  • Governmental Accounting: Fiduciary Funds Part 3 of 4

    Accounting for Governmental Fiduciary Activities [Somali] by Muhammad Ali Farah from the University of Burao. Please LIKE this video and subscribe to my channel

    published: 14 Sep 2014
  • Governmental Accounting: Fiduciary Funds Part 4 of 4

    Accounting for Governmental Fiduciary Activities [Somali] by Muhammad Ali Farah from the University of Burao. Please LIKE this video and subscribe to my channel

    published: 14 Sep 2014
  • Governmental Accounting: Fiduciary Funds Part 2 of 4

    Accounting for Governmental Fiduciary Activities [Somali] by Muhammad Ali Farah from the University of Burao. Please LIKE this video and subscribe to my channel

    published: 14 Sep 2014
  • Fiduciary Accountings 101

    A lightning tour through the nuts & bolts of fiduciary accounting preparation by Martin Harris of Harris Fiduciary Services, San Francisco's fiduciary/probate court accounting expert.

    published: 16 Mar 2012
  • John Bogle: Investing in Index Funds and Vanguard

    An interview with John C. Bogle, the founder and former CEO of The Vanguard Group. In this interview John discusses actively managed funds and index, arguing why index are superior. John also covers what the non professional should do with his money to get the best investment. 📚 Books by John Bogle and his favourite books are located at the bottom of the description❗ Like if you enjoyed Subscribe for more:http://bit.ly/InvestorsArchive Follow us on twitter:http://bit.ly/TwitterIA Video Segments: 0:00 Introduction 0:24 What was Vanguard like in 1974? 4:23 Are there people trying to confuse others? 5:26 Diminishment of long term investing 6:36 Anything good about trading? 7:09 What motivating high turnover in portfolio? 8:23 Any active managers doing the right thing? 10:53 How does...

    published: 19 Jan 2017
developed with YouTube
Accounting For Fiduciary Funds July 2015

Accounting For Fiduciary Funds July 2015

  • Order:
  • Duration: 6:54
  • Updated: 03 Jul 2015
  • views: 857
videos
An overview of accounting for fiduciary funds of state and local governments
https://wn.com/Accounting_For_Fiduciary_Funds_July_2015
Free CPA Exam Deep Dive: Fiduciary Funds

Free CPA Exam Deep Dive: Fiduciary Funds

  • Order:
  • Duration: 4:37
  • Updated: 07 Jul 2015
  • views: 842
videos
Get your free trial of Wiley CPAexcel today http://ow.ly/ICCtm In this free CPA Exam Deep Dive from Wiley CPAexcel, Prof. Donald Deis of Texas A&M University - Corpus Christi provides an in-depth look at how a Tax Agency Fund (TAF) works. This is part of the overall Wiley CPAexcel lesson on Fiduciary Funds, which are covered in the FAR section of the CPA Exam.
https://wn.com/Free_Cpa_Exam_Deep_Dive_Fiduciary_Funds
Fiduciary funds:   Agency funds and trust funds FAR CPA exam governmental course

Fiduciary funds: Agency funds and trust funds FAR CPA exam governmental course

  • Order:
  • Duration: 11:50
  • Updated: 10 Jun 2017
  • views: 234
videos
Like us on Facebook: https://www.facebook.com/accountinglectures Visit the website where you can search using a specific term: http://www.farhatlectures.org/ Connect with Linked In: https://www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a/ Fiduciary funds, agency funds, trust funds, private-purpose funds, pension fund, investment trust funds, private-purpose trust funds
https://wn.com/Fiduciary_Funds_Agency_Funds_And_Trust_Funds_Far_Cpa_Exam_Governmental_Course
US-Gaap : GASB - Fiduciary Funds

US-Gaap : GASB - Fiduciary Funds

  • Order:
  • Duration: 1:18
  • Updated: 27 May 2016
  • views: 162
videos
Four types of Fiduciary funds are Pension Trust funds, Investment Trust funds, Private Purpose Trust funds and Agency funds. Pension trust funds are funds held in trust for payment of employee retirement and benefits. Investment trust funds are funds held in a trust when government is trustee. Private purpose trust funds are trust arrangements where principal remains intact and income generated is used for the benefits. Agency funds are funds held by government in a purely custodial capacity. Audio - Video by SSK Advisory Our Website : http://www.sskadvisory.com/ Subscribe to us YouTube on https://www.youtube.com/channel/UCAnTXIXnZH5vlnfxbbl47OQ?sub_confirmation=1 Like us on Facebook at https://www.facebook.com/SSKAdvisory Follow us on Twitter at https://twitter.com/AdvisorySsk
https://wn.com/US_Gaap_Gasb_Fiduciary_Funds
wayne lippman Fiduciary fund

wayne lippman Fiduciary fund

  • Order:
  • Duration: 2:46
  • Updated: 16 Dec 2015
  • views: 35
videos
Used to account for funds held by Govt entity as a Trustee or Agent Uses Accrual basis of accounting and Economic Resources measurement focus (2 Exceptions) Only Fund Statements are prepared by Fund Type Statement of Net Assets Statement of Changes in Fiduciary Net Assets Combining Statements
https://wn.com/Wayne_Lippman_Fiduciary_Fund
Government Funds

Government Funds

  • Order:
  • Duration: 25:10
  • Updated: 16 Jul 2015
  • views: 2751
videos
Please like our Facebook page at https://www.facebook.com/rutgersweb To watch the entire video, go to https://www.youtube.com/watch?v=ThRGdw2NiR4 Video Summary: After giving a brief overview of the learning objectives of the chapter, the measurement focus is outlined (including the difference between operational and fiscal accountability). The modified accrual basis of accounting and accrual basis of accounting are also compared and contrasted. Following that, the primary activities of the government are discussed as well as the two basic sets of financial statements involved (government-wide and fund financial statements). Funds are also defined, as well as the different categories of funds (governmental funds, proprietary funds, and fiduciary funds) - however, governmental funds are focused on the most during this lecture. Lastly, the dual effect of capital and related transactions is explained (including in-depth journal entries). To receive additional updates regarding our library please subscribe to our mailing list using the following link: http://rbx.business.rutgers.edu/subscribe.html
https://wn.com/Government_Funds
Retirement Plans: Last Week Tonight with John Oliver (HBO)

Retirement Plans: Last Week Tonight with John Oliver (HBO)

  • Order:
  • Duration: 21:30
  • Updated: 13 Jun 2016
  • views: 7027042
videos
Saving for retirement means navigating a potential minefield of high fees and bad advice. Billy Eichner and Kristin Chenoweth share some tips. Connect with Last Week Tonight online... Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight Find Last Week Tonight on Facebook like your mom would: http://Facebook.com/LastWeekTonight Follow us on Twitter for news about jokes and jokes about news: http://Twitter.com/LastWeekTonight Visit our official site for all that other stuff at once: http://www.hbo.com/lastweektonight
https://wn.com/Retirement_Plans_Last_Week_Tonight_With_John_Oliver_(Hbo)
Proprietary Fund Accounting 2 22 16

Proprietary Fund Accounting 2 22 16

  • Order:
  • Duration: 4:51
  • Updated: 22 Feb 2016
  • views: 468
videos
There are two types of proprietary funds in government accounting – internal service funds, and enterprise funds. These funds operate on the accrual basis. Governmental funds operate on the modified accrual basis. Fiduciary and proprietary on the accrual basis. You are going to use a proprietary fund when the entity in question operates like a business. A business wants to turn a profit. A government does not have to turn a profit, they have to use their resources efficiently. Some questions are aimed at that distinction so look for terms like “net income” to tell you that they are talking about proprietary funds.
https://wn.com/Proprietary_Fund_Accounting_2_22_16
Government & Non-Profit Accounting: Accounting for Fiduciary Activities - Agency & Trust Funds

Government & Non-Profit Accounting: Accounting for Fiduciary Activities - Agency & Trust Funds

  • Order:
  • Duration: 1:45:34
  • Updated: 23 May 2013
  • views: 1424
videos
Government & Non-Profit Accounting: Accounting for Fiduciary Activities - Agencies and Trust Funds (Chapter 8) April 3rd, 2013 by Professor Irfan Bora This lecture is begin with an explanation of how trust funds and agency funds are used to report on the fiduciary activities of a government. Agency funds and trust funds are also compared and contrasted (for trust funds, when they are used privately, for investing, or for pensions). The purpose and applications of agency funds is also discussed, as well as the standard activities and proper financial reporting for agency funds. The purposes, proper accounting, and proper financial reporting methods for cash, investment pools, investment trust funds, private purpose trust funds, and pension trust funds. Lastly, the proper accounting for postemployment benefits is discussed before completing the lecture. ------QUICK NAVIGATION------ Overview of the Lecture's Learning Objectives: 0:45 Agency Funds: 2:09 Agency Funds - Typical Uses (3 Types): 4:07 Special Assessment Agency Funds: 8:15 Example of Special Assessment Agency Fund (Journal Entries): 9:08 Tax Agency Funds (Illustrative Transactions - Examples with Journal Entries): 11:05 Pass-through Agency Funds: 16:48 Fiduciary Funds Required Financial Statements: 22:34 Statement of Fiduciary Net Assets (Illustration): 22:55 Statement of Changes in Fiduciary Net Assets: 25:00 Types of Trust Funds (3 types): 27:06 Trust Funds: 27:27 Investment Trust Funds: 29:23 Private Purpose Trust Funds: 35:25 Accounting for Private Purpose Trust Funds: 40:17 Private Purpose Trust Funds (revisited): 40:35 Pension Trust Funds: 46:01 Employer Pension Accounting: 54:03 Reporting for Defined Benefit Pension Plans: 55:53 Statement of Net Assets (illustration): 1:05:46 Statement of Plan Net Position (Illustration): 1:09:36 Statement of Changes in Plan Net Position (Illustration): 1:12:15 Schedule of Employer Contributions: 1:13:14 Schedule of Funding Progress: 1:14:10 Evaluating Defined Benefit Pension Plans: 1:16:12 Employer Pension Accounting - Key Terms (Annual Required Contributions - ARC): 1:18:40 NPO - Net Present Obligation: 1:24:22 Annual Pension Cost: 1:24:27 Schedule of funding progress (Revisited): 1:25:21 Employer Pension Accounting - Key Terms (revisited): 1:28:00 Employer Pension Accounting - Expenditure / Expense: 1:28:54 Other Postemployment Benefits (OPEB): 1:33:47 Managing Investment Trust Funds and Pension Funds: 1:34:04 Polling Questions: 1:35:01 To receive additional updates regarding our library please subscribe to our mailing list using the following link: http://rbx.business.rutgers.edu/subscribe.html
https://wn.com/Government_Non_Profit_Accounting_Accounting_For_Fiduciary_Activities_Agency_Trust_Funds
Beware of fee-BASED fiduciary advisors

Beware of fee-BASED fiduciary advisors

  • Order:
  • Duration: 7:56
  • Updated: 25 Jun 2016
  • views: 693
videos
INVESTOR ALERT: Many fee-BASED fiduciary advisors cannot resist the urge to push high-commission index annuities and other crap financial products. Make sure you are working with a fee-only fiduciary on a one-time or one-task basis, memorialized in writing. This video is not intended as investment, tax, accounting or legal advice, as an offer or solicitation of an offer to buy, hold or sell, or as an endorsement, of any company, security, fund, product or other offering.
https://wn.com/Beware_Of_Fee_Based_Fiduciary_Advisors
Why You Need A Fiduciary (Part 1)

Why You Need A Fiduciary (Part 1)

  • Order:
  • Duration: 5:11
  • Updated: 04 Aug 2017
  • views: 149
videos
Annex Wealth Management's Dave Spano and Mark Oswald answer a caller's question about his investment, which he thought was a mutual fund. Dave and Mark discussed active vs. passive management, and asked the caller more questions. After some further probing, the caller realized it wasn't a mutual fund at all... (Part 1 of 2)
https://wn.com/Why_You_Need_A_Fiduciary_(Part_1)
Fiduciary Rule May Push ETF Assets to $10 Trillion

Fiduciary Rule May Push ETF Assets to $10 Trillion

  • Order:
  • Duration: 6:01
  • Updated: 19 Oct 2017
  • views: 0
videos
https://goo.gl/QPCkqk - Start earning with binary options like millions of traders do The impending fiduciary rule may translate into a huge windfall for exchange-traded funds (ETFs) and exchange-traded notes (ETNs), and some experts predict that these instruments could hold as much as $10 trillion in assets by 2020. The Department of Labor’s new fiduciary rule is already expected to have a substantial impact on the retirement planning industry. Advisors who previously used products and services that paid them a high commission will now be required to start using more lower-cost alternatives, such as exchange-traded products (ETPs). The new rules will officially go into effect on April 10 of next year, and some say this could triple the amount of assets that are invested in ETFs and ETNs within a short period of time. (For more, see: The DoL Fiduciary Rule and Its Impact on Mutual Funds.) A Growing Shift Exchange-traded funds and notes have become popular with investors because of their liquidity, transparency, low fee structure and tax efficiency. These vehicles can also provide investors with broad diversification and exposure to virtually any given sector of the market, from utilities to commodities to energy and emerging markets. Many investors are becoming more aware that actively-managed mutual funds often lag their underlying benchmarks in terms of performance, especially during bull markets. A large percentage of them have therefore eschewed traditional open-ended mutual funds that often charged hefty fees for purchase or redemption in favor of exchange-traded products that can be purchased for a low commission in many cases. These instruments will also become more heavily used by retirement plan advisors who charge their clients a flat fee for their services and use them for the majority of their clients’ asset allocations. Frank La Salla, chief executive officer of BNY Mellon’s Alternative Investment Services, told Market Watch that, Because of the unique structure of ETFs, and because of advisors being held to higher standards, we think the market could grow exponentially. Going to over $5 trillion in assets seems pretty easy; we think it could top $10 trillion by 2020. This won’t be a zero-sum game. Both ETFs and mutual funds will grow as the pie gets bigger. It’s just that ETFs will see a bigger slice of that growing pie, with the immediate beneficiaries being the low-cost, low-risk index structure funds where flows have already been going. (For more, see: How the New Fiduciary Rule Will Impact Investors.) As of the end of August, the exchange-traded product marketplace held about $3.38 billion in assets, according to independent research firm EFTGI. The market for ETPs has grown by 18% since 2015. ETPs hit $1 trillion in assets back in 2009, but both the demand for them and the number of them that are available has soared in recent years. Morningstar reported that passively-managed ETPs saw total cash inflows of $418.6 billion last year, while actively-managed funds saw net outflows of $223.1
https://wn.com/Fiduciary_Rule_May_Push_Etf_Assets_To_10_Trillion
Tony Robbins Explains The Meaning Of A Fiduciary

Tony Robbins Explains The Meaning Of A Fiduciary

  • Order:
  • Duration: 2:14
  • Updated: 07 Mar 2017
  • views: 768
videos
Tony Robbins Explains The Meaning Of A Fiduciary. Interview at 692 Broadway in NYC for BUILD Series.
https://wn.com/Tony_Robbins_Explains_The_Meaning_Of_A_Fiduciary
The Fiduciary Rule and Its Impact on Mutual Funds

The Fiduciary Rule and Its Impact on Mutual Funds

  • Order:
  • Duration: 8:20
  • Updated: 09 Sep 2017
  • views: 3
videos
Broker Edward Jones made headlines last year with the announcement of the firm’s decision to stop offering mutual funds and ETFs in IRA’s and other retirement accounts that charge investors a commission. The firm said this move is needed in order to adhere to the compliance restrictions imposed by the new DOL Fiduciary Rule that saw it’s first implementation take place in June 2017. According to The Wall Street Journal, Edward Jones was among the first of the major brokerage firms to lay out its plans for compliance with the new rules. LPL Financial announced shortly after that it would begin to standardize commission paid to brokers, eliminating the advantage of choosing one fund family or share class over another. More announcements from other major players followed soon after even as uncertainty around the fiduciary rule continued. Here's how the rule impacts mutual funds and retirement savings. (For more, see: Making the New Fiduciary Rule Clear for Clients.) Why No Mutual Funds? One of the biggest tasks that all brokerage and advisory firms are going to face is the need to justify variable compensation under the new fiduciary rules. In the case of Edward Jones, the variable compensation can include front-loaded A shares, C shares with their level back-end loads, and differing prices for different fund share classes. One of the many requirements of the new rules is that brokers will have to justify the varying commissions of products they recommend versus other products that they could have recommended for a retirement saver. Selling mutual funds with commissions or other forms of variable compensation will require advisors to provide clients with a Best Interest Contract Exemption (BICE) disclosure to sign. It is likely that many brokers and financial advisors will try to avoid this conversation and the questions the BICE form might raise with clients. This is most likely one of the motivating factors behind the decision that Edward Jones made. Implications for Savers According to The Wall Street Journal, in 2016 Edward Jones managed some four million retirement accounts. Undoubtedly, many are owned by smaller investors who make very few trades each year, and taking away the option of using mutual funds or ETFs drastically limits their options. These existing account holders can retain their current holdings via the grandfathering provision of the fiduciary rule. However, new purchases since the rule began to take effect on June 9, 2017 will fall under the new rules already being implemented by Edward Jones. One alternative for clients is to move to a fee-based account that charges an AUM-based fee. For clients who trade infrequently, these accounts could drastically increase their investing cost. For brokers at firms like Edward Jones, these fee-based accounts can be a source of a nice payday for doing very little in the way of providing advice. Time will tell whether a majority of clients will opt for the fee-based account o
https://wn.com/The_Fiduciary_Rule_And_Its_Impact_On_Mutual_Funds
How Graham got fiduciary management right

How Graham got fiduciary management right

  • Order:
  • Duration: 5:26
  • Updated: 26 May 2016
  • views: 152
videos
A story about Graham the pension fund trustee, and how he got fiduciary management right. Go to https://www.lcp.uk.com/fiduciarymanagementoversight for more on LCP's approach to fiduciary management.
https://wn.com/How_Graham_Got_Fiduciary_Management_Right
HighTower Whiteboard Animation: Brokers vs. Fiduciaries

HighTower Whiteboard Animation: Brokers vs. Fiduciaries

  • Order:
  • Duration: 2:33
  • Updated: 16 Mar 2012
  • views: 135740
videos
Investors are taking a hard look at the people managing their money. Elliot S. Weissbluth, the CEO of HighTower, has been a visionary on this issue for over a decade. In this whiteboard video, Elliot cleverly explains the difference between brokers and fiduciaries and sheds light on the issues surrounding the industry. http://hightoweradvisors.com/ Securities offered through HighTower Securities, LLC, Member FINRA/SIPC/MSRB, HighTower Advisors, LLC is a SEC registered investment adviser.
https://wn.com/Hightower_Whiteboard_Animation_Brokers_Vs._Fiduciaries
Governmental Accounting: Fiduciary Funds Part 1 of 4

Governmental Accounting: Fiduciary Funds Part 1 of 4

  • Order:
  • Duration: 9:58
  • Updated: 14 Sep 2014
  • views: 807
videos
Accounting for Governmental Fiduciary Activities [Somali] by Muhammad Ali Farah from the University of Burao. Please LIKE this video and subscribe to my channel
https://wn.com/Governmental_Accounting_Fiduciary_Funds_Part_1_Of_4
Fiduciary Management Jargon Busters - What are target date funds?

Fiduciary Management Jargon Busters - What are target date funds?

  • Order:
  • Duration: 1:27
  • Updated: 08 Dec 2015
  • views: 5
videos
https://wn.com/Fiduciary_Management_Jargon_Busters_What_Are_Target_Date_Funds
The Impending Fiduciary Armageddon Of (Most) Mutual Fund Share Classes

The Impending Fiduciary Armageddon Of (Most) Mutual Fund Share Classes

  • Order:
  • Duration: 18:20
  • Updated: 22 Feb 2017
  • views: 635
videos
An "#OfficeHours with Michael Kitces" Periscope, looking at the impending fiduciary Armageddon of (most) mutual fund share classes. For further details, see https://www.kitces.com/blog/variable-annuity-mutual-fund-share-classes-ending-under-dol-fiduciary/
https://wn.com/The_Impending_Fiduciary_Armageddon_Of_(Most)_Mutual_Fund_Share_Classes
Governmental Accounting: Fiduciary Funds Part 3 of 4

Governmental Accounting: Fiduciary Funds Part 3 of 4

  • Order:
  • Duration: 9:58
  • Updated: 14 Sep 2014
  • views: 216
videos
Accounting for Governmental Fiduciary Activities [Somali] by Muhammad Ali Farah from the University of Burao. Please LIKE this video and subscribe to my channel
https://wn.com/Governmental_Accounting_Fiduciary_Funds_Part_3_Of_4
Governmental Accounting: Fiduciary Funds Part 4 of 4

Governmental Accounting: Fiduciary Funds Part 4 of 4

  • Order:
  • Duration: 9:58
  • Updated: 14 Sep 2014
  • views: 168
videos
Accounting for Governmental Fiduciary Activities [Somali] by Muhammad Ali Farah from the University of Burao. Please LIKE this video and subscribe to my channel
https://wn.com/Governmental_Accounting_Fiduciary_Funds_Part_4_Of_4
Governmental Accounting: Fiduciary Funds Part 2 of 4

Governmental Accounting: Fiduciary Funds Part 2 of 4

  • Order:
  • Duration: 9:58
  • Updated: 14 Sep 2014
  • views: 261
videos
Accounting for Governmental Fiduciary Activities [Somali] by Muhammad Ali Farah from the University of Burao. Please LIKE this video and subscribe to my channel
https://wn.com/Governmental_Accounting_Fiduciary_Funds_Part_2_Of_4
Fiduciary Accountings 101

Fiduciary Accountings 101

  • Order:
  • Duration: 18:23
  • Updated: 16 Mar 2012
  • views: 2209
videos
A lightning tour through the nuts & bolts of fiduciary accounting preparation by Martin Harris of Harris Fiduciary Services, San Francisco's fiduciary/probate court accounting expert.
https://wn.com/Fiduciary_Accountings_101
John Bogle: Investing in Index Funds and Vanguard

John Bogle: Investing in Index Funds and Vanguard

  • Order:
  • Duration: 58:46
  • Updated: 19 Jan 2017
  • views: 42420
videos
An interview with John C. Bogle, the founder and former CEO of The Vanguard Group. In this interview John discusses actively managed funds and index, arguing why index are superior. John also covers what the non professional should do with his money to get the best investment. 📚 Books by John Bogle and his favourite books are located at the bottom of the description❗ Like if you enjoyed Subscribe for more:http://bit.ly/InvestorsArchive Follow us on twitter:http://bit.ly/TwitterIA Video Segments: 0:00 Introduction 0:24 What was Vanguard like in 1974? 4:23 Are there people trying to confuse others? 5:26 Diminishment of long term investing 6:36 Anything good about trading? 7:09 What motivating high turnover in portfolio? 8:23 Any active managers doing the right thing? 10:53 How does a index fund work? 12:25 Is weighting by capitalisation a bad idea? 15:14 How many funds should a individual own? 20:09 Are you 84% in bonds? 22:30 Financial advice business 28:10 Fiduciary vs Salesman 32:44 When should a individual buy stocks 38:56 Have you ever bought individual stocks? 39:52 Appropriate amount of time to hold a bad investment 42:44 When should someone own a load fund? 44:00 Unified fiduciary standard? 46:11 Cultural features of Vanguard? 51:11 Lessons in succession 52:51 Optimistic for the future of Vanguard? 55:52 How are you spending your time now? John Bogle books 🇺🇸📈 (affiliate link) The Little Book of Common Sense Investing:http://bit.ly/BookOfCommonSense Common Sense on Mutual Funds:http://bit.ly/CommonSenseMutualFunds Enough:http://bit.ly/EnoughJB The Clash of the Cultures:http://bit.ly/ClashofCulture John Bogle’s Favourite Books🔥 The Intelligent Investor:http://bit.ly/TIIBG A Random Walk Down Wall Street:http://bit.ly/ARandomWalk Interview Date: 19th November 2013 Event: Motley Fool Special Interview Original Image Source:http://bit.ly/JCBogle Investors Archive has videos of all the Investing/Business/Economic/Finance masters. Learn from their wisdom for free in one place. For more check out the channel. Remember to subscribe, share, comment and like! No advertising.
https://wn.com/John_Bogle_Investing_In_Index_Funds_And_Vanguard
×