Candace Cavalier Esq. is Chief Compliance Officer for Congress Wealth Management LLC.

PTE 2020-02

A Summary of PTE 2020-02

Our Chief Compliance Officer has put together a summary of the fiduciary advice exemption PTE 2020-02 for our own Wealth Managers. PTE 2020-02 provides an exemption from the prohibited transaction rules for investment advisor fiduciaries with respect to employee benefit plans and individual retirement accounts (IRAs).  Please consult your compliance consultant for more information.  Background:…