Fixed Income ApproachApril 15, 2016
Scott Colbert, our Director of Fixed Income Management, talks about how Commerce Trust's well-honed process and approach has led to recognized success and performance.
Women now control $18.4 trillion in consumer spending, hold approximately 30% of global wealth, and are the sole heads of 32% of U.S. households. All that leads to the fact that more women are making financial decisions for themselves and their families than at any other time in history.
The Department of Labor (DOL) announced today its long-awaited new "fiduciary rule." The rule provides a new interpretation of the term fiduciary under the Employee Retirement Income Security Act (ERISA) and the Internal Revenue Code, which state that a person is considered a fiduciary to a plan or Individual Retirement Account (IRA) if he or she offers "investment advice for a fee."
Listen to Jennifer O'Neill talk about one of the most pressing issues in the retirement plan regulatory landscape today: how the Department of Labor's proposal on "fiduciary" responsibility will affect the investment industry.