How Retirement Plan Providers Can Deal With The Fiduciary Rule Change

Ary Rosenbaum - The Rosenbaum Law Firm P.C.
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At its prime, Blockbuster Video had 9,000 stores and was actually bought by Viacom in 1994 for $8.4 billion. Then some things called DVDs, Netflix, Redbox, and digital delivery caused Blockbuster to go out of business. Blockbuster couldn’t change with the changing times. Change can be an opportunity as long as it’s taken advantage of. As a retirement plan provider, the Department of Labor’s (DOL’s) new fiduciary rule is an opportunity. Take advantage of the new rule or the rule will take advantage of your business. This article is about how retirement plan providers can take advantage of the new fiduciary rule.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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