DOL rule for dummies: An 8-step compliance guide [infographic]

November 8, 2016 by Warren S. Hersch

With just 5 months to go before the fiduciary rule kicks in, advisors will need to familiarize themselves with steps of the process needed to be DOL-compliant. These include requirements pertaining to client education, fact-finding, documentation, production recommendations and post-sale plan reviews.

The requirements will vary, depending on whether you’re a level-fee fiduciary or derive variable commissions from product sales. The latter will be beholden to the more stringent provisions of the rule’s best interest contract exemption or BICE.

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Originally Posted at LifeHealthPro on November 5, 2016 by Warren S. Hersch.