- Historical perspective
- Pre-ERISA
- ERISA 1974
- 1974 – 2010
- DB & DC
- Boomers retiring
- Rule passed
- Timeline
- April 10, 2017
- January 1, 2018
- Will it get derailed?
- What it requires
- Applies ERISA standard to IRAs, and the IRA rollover recommendation
- Best Interest Contract Exemption
- Industry fallout
- o Commissions & Fees
- Merger & Acquisition activity
- Active & Passive investing
- Opportunities
Biography
Skip Schweiss is president of TD Ameritrade Trust Company (TDATC) which offers retirement plan solutions and services for independent registered investment advisors using TD Ameritrade’s trust platform. Schweiss is also managing director of advisor advocacy and industry affairs for TD Ameritrade Institutional. In that role he advocates for fiduciary investment advisers and their clients, with policy makers in Washington. In 2014 he was named by Investment Adviser magazine as one of its top 25 most influential people in the industry. In 2015 he was named Fiduciary of the Year by the Committee for the Fiduciary Standard, and in 2016 he was named Insider’s Forum Leadership Award winner.
Prior to this appointment, Schweiss held a variety of management positions within Fiserv Investment Support Services, including serving as Executive Vice President of Fiserv Trust Company, which was acquired by TD Ameritrade Holding Corporation in February, 2008.
Schweiss holds a B.S. in business administration from the University of South Dakota and a M.S. in finance from the University of Colorado. He has completed the Securities Industry Institute sponsored by the Securities Industry and Financial Markets Association (SIFMA) at the Wharton School of Business. He is a national board member of the Financial Planning Association, and a board member of NAPFA’s Consumer Education Foundation.
Schweiss resides in Colorado with his wife Lisa. They have been married for 30 years and have three grown children. In his spare time he enjoys outdoor recreation including road biking, hiking, and skiing, along with spectator sports. He devotes considerable time to assisting in the community through Habitat for Humanity, Special Olympics, his church, and other causes.