Matrix Financial Solutions, a Broadridge Financial Solutions company, released on Monday a practice guide outlining a three-step action plan advisors can take to ensure they're complying with fiduciary standards under the Employee Retirement Income Security Act.
The guide, ERISA Fiduciary Issues: A Practice Guide for Advisors, was unveiled at the Financial Services Institute's annual conference in San Diego, and offers an in-depth look at ERISA fiduciary rules and standards that may apply when advisors are delivering investment advice to retirement plan clients.
The guide is particularly timely, given that the Department of Labor plans to repropose its rule to amend the definition of fiduciary under ERISA in July.
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Melanie Waddell
Melanie is senior editor and Washington bureau chief of ThinkAdvisor. Her ThinkAdvisor coverage zeros in on how politics, policy, legislation and regulations affect the investment advisory space. Melanie’s coverage has been cited in various lawmakers’ reports, letters and bills, and in the Labor Department’s fiduciary rule in 2024. In 2019, Melanie received an Honorable Mention, Range of Work by a Single Author award from @Folio. Melanie joined Investment Advisor magazine as New York bureau chief in 2000. She has been a columnist since 2002. She started her career in Washington in 1994, covering financial issues at American Banker. Since 1997, Melanie has been covering investment-related issues, holding senior editorial positions at American Banker publications in both Washington and New York. Briefly, she was content chief for Internet Capital Group’s EFinancialWorld in New York and wrote freelance articles for Institutional Investor. Melanie holds a bachelor’s degree in English from Towson University. She interned at The Baltimore Sun and its suburban edition.
