Manage Your Practice

The DOL Fiduciary Rule Can Help Your Business Processes

Added on September 2016 in Manage Your Practice

1 visitor like this article | Viewed 4035 times | 0 comment

Summary: As Oliver brought to America’s attention, the widely-anticipated Labor Department changes to how financial advisors can counsel clients on retirement assets (commonly called the DOL rule) will begin to take effect in a year. This new conflict-of-interest—or fiduciary—rule requires all professionals to recommend what is in a client’s best interest when providing advice on 401(k) assets, individual retirement accounts or other qualified monies saved for retirement.