KING OF PRUSSIA, Pa., Dec. 7, 2016 /PRNewswire/ -- Brian Menickella, founding partner of The Beacon Group of Companies and head of the firm's corporate retirement practice, released a free eBook that addresses the Department of Labor's proposed fiduciary rule to raise investment advice standards for retirement accounts and other events prompting change in the 401(k) space.
"The DOL's proposed fiduciary standard, the Supreme Court's decision on Tibble vs. Edison and other recent government actions have created a perfect storm in the 401(k) space," said Menickella. "Corporate retirement plans are in the infancy of a complete overhaul."
Menickella is a long-time advocate of evening the playing field between brokers and fiduciaries, and believes investment advice should always be in the best interest of the client. He has written extensively about lawsuits and other actions fueling these changes in his Forbes column.
"I hope this eBook will educate and inform employers about these profound changes," Menickella said. "Their responsibility to be aware of these new laws and product changes will be overwhelming as the margin for error dramatically narrows."
Menickella has over thirty-five years in the financial services industry and is widely recognized as a leader in the retirement plan marketplace. He has been named "Expert Advisor" in the Northeastern region by the Center for Due Diligence and is a multiple recipient of the "Five Star" wealth manager award as seen in Philadelphia Magazine.
The eBook is available for free download on http://www.thebeacongrp.com/downloads/.
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About The Beacon Group:
The Beacon Group of Companies is a broad based financial services firm headquartered in King of Prussia, Pennsylvania specializing in Employee Benefits, Property & Casualty Insurance, and Corporate Retirement Plan Services. The Beacon Group has combined industry leading expertise and unique intellectual capital to provide our clients with the information needed to make intelligent decisions. For more information, please visit www.thebeacongrp.com.
Securities offered through TFS Securities, Inc., Member FINRA / SIPC, a full service broker dealer, located at 437 Newman Springs Road Lincroft, N.J. 07738 (732) 758- 9300. Investment Advisory Services offered through TFS Advisory Services, a division of TFS Securities. www.finra.org
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SOURCE The Beacon Group of Companies