Conflict of Interest Rule

by Mary Suplee on Jun 8, 2017

I am reading with great interest all the comments about the new "Fiduciary Rule" that starts tomorrow affecting firms and advisors that transact a lot of business from rollovers of existing 401(K) and other qualified plans.While the Department of labor is calling it the "Conflict of Interest" rule the press is calling it the Fiduciary Rule.

Department of Labor and the Fiduciary Rule

by Mary Suplee on Jun 7, 2017

On June 9th, 2017 the Department of Labor will require people who advise on retirement plans to start to act in your "best interests" when they provide investment advice for a fee or some other compensation.

They call this the Fiduciary Rule. While this rule is mired in controversy and has many flaws in it, it is a big leap forward for small investors. The biggest change is that advisors will now have to make sure that they fully disclose how they are charging and what services their clients can expect for their money.

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