How Financial Advisors Can Ensure Compliance with the DOL’s Fiduciary Rule

Price: $0 OnDemand

Meet The Speakers

Douglas A. Boneparth
Partner, Longwave Financial
Richard A. Sirus
Shareholder, Greenberg Traurig
Michael Savage
Manager, Retirement Services Compliance, Paychex Inc.


This is a complimentary program sponsored by Paychex.


The United States Department of Labor has published its final version of the conflict of interest rule proposed in 2015, broadening the definition of “fiduciary investment advice.”  Financial advisors now must meet a “best interest” standard in order to remain compliant when providing certain types of investment advice.

Join us for this 60-minute program where our panelists will discuss the new fiduciary rule and explain its impact on financial advisors.  Our panelists will also provide strategies to help all types of financial advisors to prepare for the impact of the rule and how to maintain compliance when the rule goes into effect.

Educational Objectives:
Program attendees will learn about:
• Specifics of the new fiduciary rule
• How financial advisors will be impact by these changes
• Best practices for remaining compliant with the rule

Who would benefit most from attending this program?
Financial advisors; investment advisors; anyone working with financial advising and planning.

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Douglas A. Boneparth, Partner, Longwave Financial

Mr. Douglas Boneparth grew up in the business, working in his father’s financial planning practice from an early age. This experience inspired him to become one of the youngest CERTIFIED FINANCIAL PLANNER™ practitioners in the country at the age of 25. He currently serves as the CFP Board Ambassador for New York, educating the public and the media about how CFP® professionals and financial planning can help people achieve their financial goals.  Additionally, Douglas has been named to the InvestmentNews Top “40 Under 40” Class for 2016.

Passionate about his message, Mr. Boneparth also provides financial education and literacy seminars across New York City. He has been a featured speaker at the NYU School of Law, NYU Stern School of Business, Fordham Law School and the New York City Bar Association.  Mr. Boneparth is active in w!se, a New York City organization that teaches financial life skills to high school students. He has appeared on CNBC’s On The Money and Nightly Business Report, ABC’s Good Morning America and World News Tonight, Fox and Friends, as well as in The Wall Street Journal,The New York Times, U.S. News & World Report, among others.

Richard A. Sirus, Shareholder, Greenberg Traurig

Mr. Richard A. Sirus focuses his practice on corporate, transactional, tax, employee benefits, executive compensation and health law. He represents clients ranging from publicly traded companies to Taft-Hartley Benefit Funds, including sole proprietorships and executives, providing counsel on general corporate, planning and fiduciary matters, with broad experience in the design, preparation, implementation and administration of retirement plans, employee stock ownership plans (ESOPs), health plans, executive compensation arrangements and fringe benefit programs. Mr. Sirus consults regularly with clients regarding fiduciary responsibility and liability matters. He also represents and consults with executives in the assessment, negotiation and preparation of employment arrangements and agreements, including compensation and bonus packages, option and equity arrangements, benefits programs, and termination arrangements.

Mr. Sirus works with taxable and tax-exempt organizations, including consultation regarding multiple and multiemployer plan matters. He has represented clients before the Internal Revenue Service, the U.S. Department of Labor and the Pension Benefit Guaranty Corporation. He has also served as an expert witness on fiduciary liability and claims issues.

Michael Savage, Manager, Retirement Services Compliance, Paychex Inc.

Mr. Michael Savage joined the Compliance Risk organization of Paychex in March 2015 as  Manager, Retirement Services Compliance. In this role, he oversees a team responsible for regulatory compliance of the Paychex retirement products, government and industry group relations, and business partner consulting. Before joining Paychex, Mr. Savage was the Sr. Manager of Client Services at EPIC Advisors, a Rochester, NY based 401(k) provider with a niche in the banking industry. Prior to his time at EPIC Advisors, he was the Manager Director & Chief Investment Officer at Fischer Investment Group, a Pittsford, NY based Registered Investment Advisor. Mr. Savage received a BA from Geneseo State University and an MBA from Rochester Institute of Technology. He also holds the designations of Qualified 401(k) Administrator (QKA) and Qualified Plan Financial Consultant (QPFC). Mr. Savage lives in Pittsford, NY with his wife and two children. He is an avid cyclist and swimmer and is an active member of USA Triathlon.