A new day in Washington, but what does that mean for financial services?

Episode 33

Episode Summary

D.C. correspondent Mark Schoeff Jr. joins Bruce and Jeff to look at the full impact of the Biden/Harris administration on the advisory business. What will change quickly, what won't, and what happens to Reg BI? Then Emile Hallez shares insights from the RPA Convergence events.

Episode Notes

Interview with Mark Schoeff Jr. — 1:00-15:00

Narrow operating margins for Democrats in government
Key focuses and impact on advisers: ESG, fiduciary rules, taxes
Whether any big-picture plans like Green New Deal can pass
The standard partisan tensions

Interview with Emile Hallez — 15:00-27:00

Recent RPA Convergence webcasts and publications
Role of private equity in industry consolidation
Valuations in the retirement plan adviser space
Where the convergence comes into the RPA vs. wealth management space
What options individuals might see in their retirement plans

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