Robert Bloink, Esq., LL.M., has taught at the Texas A&M University School of Law and the Thomas Jefferson School of Law. William Byrnes, Esq., LL.M., CWM, is an executive professor and associate dean of special projects at the Texas A&M University School of Law.
The fiduciary issue has been in the spotlight for advisors who provide retirement investment advice to clients for years—advisors recently grappled with the DOL fiduciary rule and its application, but following its demise were faced with the need to determine how the DOL's previously applicable "prudent man" standard would mesh with the SEC's new Regulation Best Interest ("Reg BI").
Reg BI shocked many advisors by clearly providing that the new best interest standard applies to advisors who provide recommendations with respect to rollovers between retirement accounts, such as from an employer-sponsored plan into an IRA.
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Robert Bloink
Robert Bloink, Esq., LL.M., has taught at the Texas A&M University School of Law and the Thomas Jefferson School of Law; in the past decade, Bloink has initiated $2B+ in insurance & alternative asset class portfolios, and previously served as a senior attorney in the IRS Office of Chief Counsel for the Large- and Mid-Sized Business Division. Bloink is also the co-author of Tax Facts, a reference solution that helps to answer critical tax questions and provides the latest tax developments.
William H. Byrnes
William Byrnes, Esq., LL.M., CWM, is an executive professor and associate dean of special projects at the Texas A&M University School of Law. A pioneer of online legal education, he also is the author or co-author of 20 tax books and legal treatises. Byrnes is also the co-author of Tax Facts, a reference solution that helps to answer critical tax questions and provides the latest tax developments.
