Over the past several years, Bollin Wealth Management has been following the Department of Labor’s fiduciary rule that was initiated under the Obama Administration. The Fiduciary Rule was to begin implementation in April of 2017, with full implementation of the rule scheduled t for January 1, 2018. Shortly after taking office in 2017, President Trump called for a review of…
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…
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…
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…
