DOL Archives - Business Coaching & Consulting

The Fiduciary Rule is Dead; Now What?

On March 15, the Fifth Circuit Court of Appeals found that the Department of Labor overstepped its authority by attempting to regulate financial advice and advisors. Moreover, the requirements to remain in compliance were “unreasonable.” The fiduciary rule was finally vacated on June 21 after the deadline for appeals passed. Some in the industry agree […]

The Department of Labor’s Fiduciary Rule Causing Anxiety

Trends in Asset Management, Trends in Human Resources, U.S. Economy / Ellen Kinlin

In April 2016, the Department of Labor (DoL) released its much-anticipated regulation regarding the Conflict of Interest Rule for retirement investment accounts. Under the new rule, advisors will be held to a fiduciary standard—acting solely in the client’s best interest. This change will affect advisors’ compensation, and has caused controversy in the industry since the

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