Keeping up with the DOL By: Gabriel PotterMBA, AIFA® 2014.06.25

One question we get all the time is, “How do you keep current?”  The legal environment is continually evolving, so how does one stay on top of changing requirements?   How do you keep up with fiduciary governance?  How do you know what best practices are?

Certainly we study.  We spend a lot of time at industry conferences and symposiums.  We look at information from vendors.  However, since we are governed by fiduciary precepts and those best practices are usually codified by law, we often go straight  to the source:  the federal government.  There are, of course, state laws which specify investment standards for institutions and fiduciaries (e.g. NYPMIFA), but the best single resource for updates is the United States Department of Labor.

Here’s a fun fact:  did you know that the DOL publishes a list of their meetings and event calendars on their website?  You could get a lot of useful information from their main website, www.dol.gov, but  you can also browse the free online meetings that the DOL publishes through their website through this link:  https://dol.webex.com/mw0307l/mywebex/default.do?siteurl=dol&service=1.  Some meetings have passwords to access, but one  can simply contact DOL technical advisor and support to get on the email distribution list for these sorts of meetings. 

Gabriel Potter

Gabriel is a Senior Investment Research Associate at Westminster Consulting, where he is responsible for designing strategic asset allocations and conducts proprietary market research.

An avid writer, Gabriel manages the firm’s blog and has been published in the Journal of Compensation and Benefits,...

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