As of June 9, 2017, a new Fiduciary Rule put forth by the Department of Labor will go into effect, potentially changing the level of accountability for many financial advisors currently not officially considered a “fiduciary.” The new rule expands the “investment advice fiduciary” definition under the Employee Retirement Income Security Act of 1974 (ERISA). Essentially, the Department of Labor’s definition of a fiduciary demands that advisors act in the best interests of their clients, and to put their clients’ interests above their own. It leaves no room for advisors to conceal any potential conflict of interest, and states that all fees and commissions must be clearly disclosed in dollar form to clients. The definition has been expanded to include any professional making a recommendation or solicitation — and not simply giving ongoing advice. Previously, only advisors who were charging a fee for service (either hourly or as a percentage of account holdings) on retirement plans were considered fiduciaries.
Read HERE for a more detailed explanation.
Fold3 has added new U.S. states to its collection of WWII Draft Registration Cards! The collection (via the National Archives) now also includes Alabama, Connecticut, Florida, Idaho, West Virginia, Utah, Alaska, Wyoming, and Virginia. The cards in this collection are registration cards for the draft and do not necessarily indicate that the individual served in the military. You can read more here.
Scanning all kinds of material has become a common task thanks to the availability of devices like Flip-Pal and special phone apps like Pic Scanner for iphones or Google PhotoScan for android phones. But what do you do with a book that is nearly 6 feet by 7 1/2 feet when opened? The British Library recently faced this challenge when it digitized its copy of the 1660 Klencke Atlas, one of the world’s largest books. The library made a video of the process available on YouTube recently. The Klencke Atlas contains 41 wall-sized, extremely rare maps. These maps reveal what Dutch cartographers knew about the world during the High Renaissance period. The public domain images of the atlas are part of the British Library’s Picturing Places online resource.
If you are looking for a digitized collection of items closer to home, go the the MPPL digital collection Dimensions of Life in Mount Prospect. This collection includes an image of an 1873 map of Mount Prospect.
MPPL has recently added two new and exciting databases from Gale focused on resources ideal for entrepreneurs and small business owners: Business Insights: Global and Small Business Resource Center. Available as part of our Web Resources and accessible to anyone inside the library (and remotely at home for MPPL cardholders), these two powerful resources offer information and help around everything from writing a business plan, market research and industry reports to company information, funding sources and management strategies. If you’re someone working to start your own business or simply looking for ways to enhance your current one, take a moment to explore these rich and user-friendly tools!