Investment Advisor Resources
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“I have carried “E&O” coverage for 15 years and always assumed we had complete protection. Once my coverage was reviewed, it became painfully apparent that we were not covered for 90% of our fee for service practice and only covered for the 10% commission work we do with our broker dealer.” - Don't let this happen to you, Contact NAPLIA for a policy review. |
Upcoming Industry Events
Naplia will be participating in these upcoming industry events:
May 7-9, 2008 - Charlotte, NC
CFDD's 2008 Advisor Conference
October 13-15, 2008 - Scottsdale, AZ
Understanding Fiduciary Coverage - Webcast presentation
If you were unable to attend our December 13, 2007 Webcast, you can now download the presentation in PDF format.
Understanding Fiduciary Coverage for Investment
Professionals (pdf)
CFDD post-conference report
Gary Sutherland, CEO of Naplia recently presented at the CFDD Conference along with attorney, Marcia Wagner and Brian Hubbell from Hubbell Consulting, LLC.
Session highlights focused on understanding who is a fiduciary, "If you render advice on a continuous basis and that advice is particularized to that plan and people rely on that advice,...then you are a fiduciary" according to attorney Wagner.
Sutherland outlined several steps that advisers can take to protect themselves against fiduciary liability.
Read the post-conference report
Eight disadvantages of maintaining your professional liability policy through your broker dealer
Having your professional liability insurance through your broker/dealer may be convenient and cost effective. However, there are disadvantages you should be aware of and consider. Read more.
Internal Revenue Service releases memo impacting fee-based accounts
In a recent memo released by the IRS, the service stated that fees charged in fee-based investment accounts should not be capitalized into the cost of the securities. Previously, some investors would add the fees to to the cost of the account ultimately reducing the impact of capital gains and taxes. This new memo clarifies that such fees should be considered expenses and not to the benefit of taxes.
"We are pleased to partner with an organization like NAPLIA who are not only industry experts, but have shown a true commitment to the best interest of our members."
Heather Turns, AIF, Director of Marketing for fi360.
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