Before fiduciary rule change, time to act on fees is now

January 21, 2016 by Bill Good

The Department of Labor is expected to soon issue rule changes to “address conflicts of interest in retirement advice.” The change is likely to be issued in the first quarter so that the regulations can be set in stone before a new administration takes office.

Who will likely be forced out of commission business into fees?

I put this question to Lou Harvey, chairman of Dalbar, arguably the very top market research firm in financial services. Lou has been heavily involved in following the DOL’s proposed changes to fiduciary under ERISA. He has also created training courses for people going through this transition.  Click HERE for his reply

Originally Posted at LifeHealthPro on January 21, 2016 by Bill Good.