Retirement Spotlight – The DOL’s Fiduciary Regulation—It’s Here!

April 14, 2016 The Department of Labor (DOL) has released the long-anticipated final regulation that defines when investment advice provided for a fee is a fiduciary act.

The final regulation is clearly intended to unify all advisors under the higher standard of a fiduciary in order to protect retirement savers from potentially biased advice and reduce costs. As such, firms and advisors should carefully evaluate their business practices and compare them to the new rules.

Read the Retirement Spotlight for a full review of the regulations and their potential impact on advisors.