How the final DOL fiduciary rule will impact advisors

April 6, 2016 by Jamie Johnson

With the ink still fresh on the Department of Labor’s finalized fiduciary standard for investment professionals who advise on retirement plan accounts, an industry-wide debate has begun as to whether the DOL made enough changes to its earlier draft to mollify industry concerns.

The initial assessment: The DOL proved responsive on the margins, streamlining, clarifying and postponing rules changes that advisors and insurers earlier deemed onerous. But the finalized fiduciary standard leaves the core of the new fiduciary requirements intact. The result will be changes to producer compensation, product portfolios and compliance costs that will prove transformative to the industry. Click HERE to read more…