Meeting/Event Information

August Breakfast: Navigating DOL's Redefined Fiduciary "Investment Advice"

August 22, 2017
7:00 AM to 9:00 AM
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The Junior League of Houston
1811 Briar Oaks Ln
Houston, TX 77027
https://www.jlh.org/
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MEETING VENUE HAS CHANGED

Topic: Department of Labor Redefines Fiduciary "investment Advice"

 



Patricia Wenzel 
CRPC®, C(k)P®, CFP®, CPFA
Managing Director,
Merrill Lynch

Pat started her financial services career in 1991 and has served as the regional vice president of retirement plans and annuities for Lincoln, Nationwide and MetLife. She joined Merrill Lynch in 2007 and previously served as the retirement specialist/vice president over the region’s retirement plans, IRAs, annuity and 529 business. Today, she focuses on supporting clients’ 401(k), defined benefit and nonqualified deferred compensation plans. She also delivers a suite of services dedicated to a select group of privately held, middle-market businesses. Pat serves on the Leadership Council for the National Association of Plan Advisors, an advocacy group in Washington DC that works with Congress and the Senate on any proposed legislation affecting retirement plans. The last four years focused her efforts on the new Department of Labor Fiduciary Rule and is now working on Trump’s Tax Reform bill and areas of the proposed bill that could affect retirement plans.

-Named to PLANADVISER’s 2014, 2015 and 2017 Top 100 Retirement Plan Advisers
-Named to Financial Times Top 401 Retirement Plan Advisers in 2015 and 2016
-Pat is a CERTIFIED FINANCIAL PLANNER™ professional
-Pat holds the C(k)P®-Certified 401(k) and Certified Plan Fiduciary Advisor designations
-Tulane University graduate with a double major in finance and international business

 
Re-definition of Fiduciary Investment Advice Overview

The U.S. Department of Labor issued a final regulation (the "Regulation") that became effective June 9, 2017 re-defining when one becomes a fiduciary under the Employee Retirement Income Security Act of 1974, as amended ("ERISA").  Under the Regulation, unless an exception applies, firms or individuals that provide an investment "recommendation" (which is broadly defined) to an ERISA Entity or its asset manager or other agent could result in the firm or individual being deemed a fiduciary of the ERISA Entity

Ms. Wenzel has frequently spoken before Congress with respect to legislative changes to retirement benefit plans.  She will be able to effectively handle any Q&A around the new responsibilities that financial advisors would have under this new Regulation…especially as most of the participants in the audience should have received (or will be receiving) written notification from their Banks or their retirement plan advisors around Fiduciary Investment Advice.


 


Agenda:
7:00 am - Check In and Coffee Service

7:15 am - Breakfast Buffet Opens
7:25 am - Announcements and Presentation
8:45 am - Adjourn

1.5 Hours of CPE credit will be offered

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Prospective Member Form
Prospective Members must be submitted via the form link. All forms must be submitted for approval by the membership committee by 5:00 pm on the Wednesday before the meeting . Once approved, FEI will register prospects and inform the member or sponsor contact that the prospect has been approved to attend. This is applicable to anyone bringing a prospective member.

If you have not already done so, please register by 5:00 p.m. Friday, August 18, 2017. 
Please note that no shows will be invoiced $50.

Tickets

$0.00 FEI Chapter Member

P.O. Box 32, Bellaire, Texas 77402