The Department of Labor’s (DOL) new fiduciary rule that is going to go in effect in April 2017 is going to have a profound change in how financial advisors work with their retirement plan clients. It’s unchartered waters, since this is the first time that the rule has been changed since the implementation of ERISA was made effective in 1976. This article’s purpose is to serve as a crystal ball to predicting the changes the fiduciary rule will have on the retirement plan business.
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