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Retirement Accounts

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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