April 11, 2017

Legislative Updates: First Quarter 2017

THE DEPARTMENT OF LABOR (DOL) DELAYS FIDUCIARY RULE FOR 60 DAYS

On April 4, 2017, the DOL issued a final rule delaying the Fiduciary Rule until June 9, 2017. The rule also delays transitional requirements of the Best Interest Contract Exemption and other prohibited transaction exemptions to June 9, 2017. This delay may provide some relief for institutions trying to meet the previous deadline of April 10, 2017. However, given the short length of the delay of only 60 days, institutions need to make a quick decision to finalize their compliance plans or delay their compliance efforts until the DOL releases its analysis. Read more »


April 7, 2017

Department of Labor Delays Applicability of the Fiduciary Rule

At Arnerich Massena, we are proud that we have always been ahead of the curve on this issue, acknowledging fiduciary status since our inception and offering independent, unbiased advice to retirement plans. Regardless of the outcome of the review, we will continue to acknowledge our fiduciary status and work in the best interest of plan participants.

The Department of Labor’s (DOL) fiduciary rule was set to go into effect on April 10, 2017, but the DOL has announced that the rule has been delayed by 60 days. A Presidential Memorandum issued on February 3 requested that the DOL complete a comprehensive analysis of the rule and its impacts. This delay is intended to allow enough time to evaluate the regulation before it goes into effect. The new applicability date is June 9, 2017. Read more »


April 6, 2017

Lessons on Trustee Selection, Live from the Staples Center!

Sports fans have recently seen the impact trust laws have firsthand, as the control of one of the NBA’s marquis franchises, the Los Angeles Lakers, has been determined by the trust which owns a majority share in the team. Most of the clients we work with own assets far less unique than an NBA franchise; however, the end result is the same no matter the asset – a properly drafted trust with appropriately designated trustees is one vehicle that may allow for the smooth transition of property from one generation to the next. Read more »


March 31, 2017

The Portland Business Journal’s Family Caregiver Summit Featured Industry-Leading Experts, including Arnerich Massena’s Glen Goland, JD, CFP®

“I’m a recovering attorney. Now, I do wealth planning for folks,” Glen Goland, JD, CFP®, is quoted in The Portland Business Journal’s Family Caregiver Summit special insert of its March 24, 2017 issue. Glen participated on a panel, “Navigating Care & Finance for the Aging Parent,” a discussion about how to protect your assets and manage investments as family members age. Read more »


March 23, 2017

March 16, 2017

IRS vs. the Estate of Michael Jackson

The estate of Michael Jackson has been in the news lately, as the attorneys representing the estate recently spent some time in tax court arguing with the IRS. Their disagreement is based on the value of the late singer’s name and likeness, specifically what the fair market value was (on the day he died) for the rights to commercialize Mr. Jackson’s image and name.  Read more »


March 15, 2017

March 14, 2017

Arnerich Massena Publishes New White Paper – Retirement Plan Best Practices: Plan Design

Arnerich Massena is pleased to announce the publication of a new white paper, Retirement Plan Best Practices: Plan Design. This paper is the second of a five-part series outlining retirement plan best practices; the series began with plan governance and will also cover investment menu construction, plan monitoring, and participant education. In Plan Design, we examine the factors that plan sponsors should consider as fiduciaries when making decisions about plan design, looking at how other plans handle different options and identifying some best practices. Read more »


March 13, 2017

Arnerich Massena’s Glen Goland Speaking at The Portland Business Journal’s Family Caregiver Summit

Glen Goland, JD, CFP®, senior wealth strategist, will bring his estate planning expertise to The Portland Business Journal’s upcoming Family Caregiver Summit. This event serves as a resource for caregivers taking care of aging parents. One of the most critical aspects of caregiving is navigating finances and creating a well-constructed estate plan. Glen will join Megan Hewitt from the Attorney General’s Office for the panel “Navigating Care & Finance for the Aging Parent,” a discussion about how to protect your estate and prepare your investments. Read more »


March 10, 2017

“Bringing Your Company’s Retirement Plan Into the Future”: Oregon Business Magazine Features Arnerich Massena’s Institutional Team

How do employers prepare for the future as they try to help employees save for their own futures? Arnerich Massena’s institutional team helps answer a few questions and provide guidance to retirement plan sponsors in the March issue of Oregon Business Magazine. With this issue highlighting Oregon’s 100 Best Companies to Work For, it’s a perfect opportunity to provide those companies with some advice on their retirement plans. Read more »