Recent laws, regulations, and proposed changes may affect the way you work with clients. Bookmark this page to stay updated on the latest information.
Fee Waivers on Retirement Plans
AssetMark is waiving fees for retirement plan amendments associated with CARES Act provisions
and coronavirus-related distributions and loan setups through July 31, 2020. Call 800-716-3742 or email assetmark@EPICRPS.com.
New - CARES Act
Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, a $2 trillion relief package to provide economic stability to offset the effects of the COVID-19 pandemic, which was signed into law on March 27, 2020. On April 24, 2020 an additional $484 billion in stimulus funding was added to the CARES Act, including $380 billion aimed to help small business. The Act includes provisions for state and local governments, small and large businesses, and hospitals affected by the coronavirus.
Coronavirus Federal Tax Relief Details | William Blair »
CARES Act Relief for Retirement Plan Sponsors and Participants | Capital Group »
Webinar Replay: CARES Act Insights for Retirement Plan and Client Financial Plans »
Small Business Resources
Small Business Guide to Emergency Loans | US Chamber of Commerce »
Summary of CARES Act Small Business and Tax Provisions | AssetMark »
What the CARES Act Means for Small Business Webinar »
On December 20, 2019, President Trump signed the Setting Every Community Up for Retirement (SECURE) Act. This new law makes it easier for employers to provide workplace retirement plans for their full and part-time employees.
The SECURE Act is a Reality in 2020 »
Here’s how the new retirement legislation could fall short »
Read summary of updates »
Read William Blair’s client-approved summary of key changes for 2020 »
Regulation Best Interest
The US Securities and Exchange Commission (SEC) adopted Regulation Best Interest (Reg BI) under the Securities Exchange Act of 1934 on June 5, 2019. Read more about the standard and what it may mean to your business and how you work with clients.
Webinar Replay: Are You Ready for Reg BI? »
Investment Adviser Standard of Conduct and Form CRS »
Apr 2, 2020 - Approach to Allocation of Resources, Oversight and Rulemaking; Implementation of Regulation Best Interest and Form CRS »
Feb 11, 2020 - SEC answers frequently asked questions about Reg BI »
Feb 11, 2020 - SEC answers frequently asked questions about Form CRS »
SEC’s New Form CRS: A Breakdown »
FINRA summary of the new regulation »
Resources from the Investment Adviser Association (IAA) including form CRS template, FAQs and checklist »
Proposed Updates - Investment Adviser Act
On November 4, 2019, the US Securities and Exchange Commission announced that it had voted to propose amendments to modernize the advertising and solicitation rules of the Investment Adviser Act. These proposed amendments are intended to reflect changes in technology, investor expectations and the evolution of the financial services industry.
SEC Proposes Expansive Changes to Marketing and Advertising Rules »
SEC Press Release »
Summary of changes from Investment News »
The views expressed are those of a third-party, provided for informational purposes only, not a guarantee of future success, and subject to change. The above-mentioned advisor and firm are not affiliated with AssetMark and should not be viewed as an endorsement.
33109 | C20-15403 | 01/2020 | EXP 01/31/2021