Webinar: The Recent QPAM Exemption Changes: What You Need to Know

May 3, 2024

Join Seward & Kissel on Friday, May 10th for a 30-minute webinar, which will provide an overview of the substantial changes to the QPAM Exemption as well as the new definition of “Advice Fiduciary” and related prohibited transaction exemption changes which were published on April 25th.

The QPAM Exemption is widely relied upon by ERISA discretionary fiduciaries and counterparties due to its simplicity, broad coverage, and clarity. The amendments to the QPAM Exemption will impact how the QPAM Exemption is utilized within the market and will result in certain entities being unable to utilize the QPAM Exemption. The new definition of “Advice Fiduciary” greatly expands which persons must comply with the ERISA requirements and the amended exemptions require specific actions of many fiduciaries providing non-discretionary investment advice. This change will have a major impact on advisers who directly interact with ERISA Plans and IRA assets including wealth managers, managers of separately managed accounts, providers of non-discretionary advice and sub-advisers to ERISA and IRA accounts.


Date: Friday, May 10th
Time: 12:00pm – 12:30pm ET
Duration: 30 minutes