Old and New News

Submitted by Keith Loveland – Professional Issues Committee OLD NEWS. The previous definition of a fiduciary was the four decades‐old five‐part test for determining functional fiduciary status under ERISA. A fiduciary was defined as a person who does not have

Let your voice be heard on issues that matter!

FPA is proud to be the voice for practitioners and all CFP® professionals. The FPA Member Advocacy Council (MAC) is seeking input from FPA members on regulatory and certifying body activities, processes and initiatives. Working in cooperation with those bodies,

Recap: 4th annual Advocacy Day & Photos

On March 16th, the Professional Issues Committee held its 4th annual Advocacy Day at the State Capital in St. Paul. Approximately, 20 FPA MN members had lunch with the Department of Commerce Commissioner Rothman and several of his staff members. 


Submitted by Melissa Glennie – Professional Issues Committee Optimizers: What are they? What do they do? How do they do it? Are financial planners using optimizers? Should they? Is 2017 the year to implement an optimizer in your practice? But first,

Professional Issues Committee rolls out new awareness campaign

Training Webinar for Advocacy Day 2017 Below is the webinar and presentation hosted by FPA National’s Director of Advocacy, Karen Nystrom, for FPA MN’s 2017 Advocacy Day at the state capital on March 16. Click for webinar access The Professional

FINRA and SEC Examination Priorities

FINRA announced their exam priorities on January 4th for 2017.  It probably isn’t surprising that FINRA is very interested in how firms are supervising brokers that have a checkered past.  Researchers reported in 2016 that certain firms have become havens

Let’s Make 2017 Great

Submitted by Scott Nelson, CFA, CFP® – Professional Issues Committee Director Welcome to 2017! I’m sure this will be an interesting year for all of us as financial professionals and as Americans.  The Professional Issues Committee has some ambitious plans

Looking Back; Looking Forward

Submitted by Keith Loveland – Professional Issues Committee Election Day has come and gone. As of the writing of this article, Hillary Clinton received 63,541,056 votes; Donald Trump received 61,864,015 votes – 1,647,041 fewer votes. Donald Trump is expected to

It’s Been a Productive Month!

Submitted by Scott Nelson, CFA, CFP® – Professional Issues Committee Director The past few weeks have been busy for the Professional Issues Committee and the issues that we are currently highlighting.  There have been some great learning opportunities on the

Can the scary story of DOL have a happy ending?

Although October has just begun and I have yet to put serious thought into my Halloween costume, it is the appropriate time to think about something truly frightening, I am of course referring to the DOL Fiduciary rules.   The spector