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Fiduciary Standard

Fiduciary Standard of Care

The Latest Update on the Fiduciary Rule

By | Department of Labor, Fee-only, Fiduciary Rule, Fiduciary Standard, Registered Investment Advisor, Retirement Savings, Selecting an advisor | No Comments

The Latest Update on the Fiduciary Rule While you have been watching the recent volatility in the stock market or the latest political drama unfolding in Washington, you may have missed the latest news on the Department of Labor fiduciary rule that we have been periodically writing about for several years.  On March 15, the fifth U.S. Circuit Court of…

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Implementation of the Fiduciary Rule is moving at a snail's pace.

Another Potential Delay in the Fiduciary Rule

By | Fiduciary Rule, Fiduciary Standard, Selecting an advisor | No Comments

It is starting to sound like a broken record: the future of the Department of Labor’s fiduciary rule is once again in question.  Shortly after the first phase of the regulation went into effect on June 9th, the Department of Labor (DOL) submitted a proposal that would delay the full implementation date from January 1st of 2018 to July 1st,…

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The Depart of Labor's Fiduciary Rule is likely to be delayed for at least 180 days from its planned April 10th implementation.

Department of Labor Fiduciary Rule Likely Delayed

By | Department of Labor, Fiduciary Rule, Fiduciary Standard | No Comments

The Trump administration has hit the ground running since taking office in late January, moving at a tempo more reminiscent of a nimble business rather than the plodding pace of past administrations.  One of the results of this swift action is that the Department of Labor Fiduciary Rule will likely be delayed from its anticipated April 10th implementation date. On…

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Secretary Thomas Perez and the Department of Labor led the charge in protecting retirement accounts.

Department of Labor’s Fiduciary Rule Shakes Up Industry

By | Fiduciary Standard, Financial Planning, Retirement Planning, Selecting an advisor | No Comments

In early April a major milestone was reached in the investment advice industry.  On April 6th, 2016 the Department of Labor revealed its new fiduciary duty rule that requires financial advisors to act in their clients’ best interest when making investment recommendations on retirement accounts. The new fiduciary duty rule reflects efforts that were first proposed six years ago.  It…

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Fiduciary Standard

How the Fiduciary Standard Protects You

By | Fiduciary Standard, Financial Planning, Retirement Planning, Selecting an advisor | No Comments

In late February, President Obama gave a 17-minute speech at AARP’s headquarters about an issue that affects the retirement prospects of millions of Americans.  In his speech he highlighted the lack of uniform standards and rules of conduct that require financial advisors to act in the best interests of their clients.  This is not really a new issue; it is…

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