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NAIFA’s DOL Workshop

(4-Hours of Colorado CE)

“Serving Your Clients with Fiduciary Compliance:

The New World Under the New DOL Rules”

Our Course Agenda and Comparison Tool Will Show you

why this Workshop Is Most Valuable for Agents?

Hosted by

Wednesday November 2, 2016

1 – 5 PM

Legacy Ridge Country Club

10801 Legacy Ridge Parkway

Westminster, CO 80031

Facilitated by

Steve Thomas, CLU, ChFC, LUTCF

Bob Ross LUTCF

Pre-registration is required and will close on October 21st at noon

NAIFA-Member Cost: $195

Non-Member Cost: $295

 

Please click on the following registration link:

NAIFA-Colorado DOL Workshop Registration

 

A course outline and comparison tool is found below:

NAIFA Colorado Hosted DOL Workshop NAIFA DOL Workshop Most Others You Compare
Part One


o Welcome and Overview
o Department of Labor Final Ruling Overview
o Best Interest Contract (BIC) Exemption and Prohibited Transaction
o Exemption (PTE) 84-24 Requirements
o Timing / Business Impact Summary

o Baseline Assessment Exercise

o Review of Workshop Objectives

o Overview of Fiduciary Metrics Model and Stewardship Attributes

o Fiduciary Dimension 1.1: Define Your Role and Responsibilities

o Fiduciary Dimension 1.2: Identify Client’s Goals and Objectives

o Case Study #1

o Stewardship Attribute: Aligned





Part Two


o Fiduciary Dimension 2.1: Identify Client’s Sources and Levels

of Risk and Current Assets

o Fiduciary Dimension 2.2: Identify Client’s Time Horizon and

Expected Outcomes

o Case Study #2

o Stewardship Attribute: Attentive

o Fiduciary Dimension 3.1: Define the Strategy That is Consistent with

the Client’s RATE Profile

o Fiduciary Dimension 3.2: Prepare the Client’s Retirement Strategy

Statement

o Case Study #3

o Stewardship Attribute: Adaptive





Part Three


o Fiduciary Dimension 4.1: Define the Process for Selecting Options

to Implement the Client’s Strategy

o Fiduciary Dimension 4.2: Implement Chosen Options or Adjust to

Conform with the Retirement Strategy

o Case Study #4

o Stewardship Attribute: Ardent

o Fiduciary Dimension 5.1: Prepare Periodic Reports That Analyze the

Performance of the Client’s Strategy, Fees and Expenses

o Fiduciary Dimension 5.2: Conduct Periodic Examinations for Conflicts

of Interest and Self-Dealing

o Case Study #5

o Stewardship Attribute: Authentic





Summary & Wrap Up


Register Now. Deadline Is October 21st. Click on the following link
We have established a minimum paid participation of five


                                Serving Your Clients with Fiduciary Compliance:

                           The New World Under the New DOL Rules

 

                                 (This program has been created by NAIFA’s Government Relations legal staff,
                                        facilitated by Steve Thomas, CLU, ChFC, LUTCF and Bob Ross LUTCF.)

 

As an Agent and/or an Advisor, this is your opportunity to learn what YOU need to know to protect yourself

and succeed in the new financial landscape that we now occupy. The companies we represent will

undoubtedly provide their interpretations of this ruling. However, most of us are in business for ourselves;

therefore, we need to take responsibility for understanding the rules in an environment where we can

have an interactive dialogue with fellow professionals.”

 

Presentation Outline:

In April of 2016, the Department of Labor issued final regulations regarding the necessary duties and
obligations of both the advisors working with qualified plans and IRAs, and the financial institutions
providing products and supervision of those advisors. This course helps advisors understand the
requirements of the new rule and discusses implementation of those requirements so that
advisors can be compliant while best serving the needs of their clients.

Learning Objectives:

Understand the Department of Labor objectives and details surrounding this new ruling that requires
advisors and their financial institutions to acknowledge fiduciary duties and obligations by applying a
best interest standard including assuring compensation to advisors is reasonable and conflicts are disclosed.

Define a decision-making process that provides clear guidance to practical, readily identifiable, and
easily adaptable steps that support the requirements of the Department of Labor’s re-proposed fiduciary
standard of care.

Identify the stewardship attributes that are essential to understanding of the advisor’s role of fiduciary.

Learn best practices and skills associated with a prudent investment process.

 

Start Time is 1:00 PM November 2, 2016 at The Grill at Legacy Ridge, Westminster.

Please arrive between 12:30 and 12:45 PM. We will finish by 5 PM. (4-Hours of Colorado CE.)


 

  NAIFA-Colorado DOL Workshop Registration




Event Calendar

Event Day and Date Start Time End Time
Executive Committee Mini-ALC Thursday, August 11, 2016 10:00AM 3:00 PM
Executive Committee Call Friday, September 09, 2016 10:30am 12:00 PM
NAIFA Annual Conference NAIFA Annual Conference Friday 9/16/16 -Monday 9/19/16 Las Vegas
Executive Committee Meeting Friday, October 28, 2016 9:00 AM 10:30 AM
Colorado Statewide Local Board Meeting Friday, October 28, 2016 10:30 AM 11:30AM
State Board Meeting Lunch Friday, October 28, 2016 11:30AM 12:00PM
State Board Meeting Friday, October 28, 2016 12:00pm 3:00pm
Executive Committee Call Friday, November 18, 2016 9:00 AM 10:30 AM
Executive Committee Call Friday, December 16, 2016 9:00 AM 10:30 AM
Executive Committee Meeting Friday, January 27, 2017 9:00AM 10:30 AM
Statewide Local Board Meeting Friday, January 27, 2017 10:30am 11:30am
State Board Meeting Lunch Friday, January 27, 2017 11:30 AM 12:00 PM
State Board Meeting Friday, January 27, 2017 12:00 PM 3:00 PM
Executive Committee Call Friday, February 24, 2017 9:00 AM 10:30 AM
Day on the Hill TBD 8:00am 3:00pm
Executive Committee Meeting Friday, March 24, 2017 9:00 AM 10:30 AM
Statewide Local Board Meeting Friday, March 24, 2017 10:30am 11:30am
State Board Meeting Lunch Friday, March 24, 2017 11:30 AM 12:00 PM
Annual State Board Meeting Friday, March 24, 2017 12:00 PM 3:00 PM
Executive Committee Call Friday, April 28, 2017 9:00 AM 10:30 AM
Executive Committee Call Friday, May 26, 2017 9:00 AM 10:30 AM
Executive Committee Meeting-ALC Thursday, July 20, 2017 9:00 AM 10:30 AM
State Board Meeting-Copper Mountain ALC Thursday, July 20, 2017 11:00am 12:00 PM
2017 ALC (Day 1) Copper Mountain ALC Thursday, July 20, 2017 1:00pm 9:00 PM
2017 ALC (Day 2) Copper Mountain ALC Friday, July 21, 2017 8:00 AM 1:00 PM
Executive Committee and State Board Meetings will be held at a place to be determined.


 


 









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A Brief History of NAIFA-Colorado

NAIFA-Colorado, originally founded as the Colorado Association of Life Underwriters (CALU) in 1935, was based on the precept that those engaged in life underwriting occupy the unique position of liaison between the purchasers and the suppliers of life and health insurance and closely-related financial products. Inherent in this role is the combination of professional duty to the client and to the company, as well. Ethical balance is required to avoid any conflict between these two obligations.
NAIFA-Colorado’s mission:

NAIFA-Colorado is an organization of insurance and financial advisors whose purpose is to serve as an information resource, to promote ethical conduct, and to enhance our professional skills and public image, and support our local associations.

The NAIFA-Colorado Board of Directors meets four times per year, promoting educational programming and continuing education. In addition, we promote advocacy through legislative functions, including IFAPAC, APIC, Legislative Receptions, and a Day on the Hill. We also send representatives to the Division of Insurance’s Producers Advisory Council to articulate our views on rules, regulation
s, and pending legislation, as it affects the field of insurance and financial planning.


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