DOL Fiduciary Rule's Impact Will be Felt by Advisors, Brokers

DOL Fiduciary Rule’s Impact Will Be Felt by Advisors, Brokers
The Biden administration announced last week the fiduciary exemption would take effect as scheduled, but legal experts argue the rule has some serious teeth that will impact client relationships with advisors and broker/dealers.
As the Department of Labor said Friday that the fiduciary exemption finalized in the waning weeks of the Trump administration would go into effect Tuesday, Feb. 16, as scheduled, it also indicated that the department would release “related guidance” in the days ahead for investors, plans and providers alike. This has left industry participants and experts looking ahead to what form this guidance may take.

Related Keywords

A Valerie Mirko ,Max Schatzow ,Fred Reish ,Georgew Bush ,Bradford Campbell ,Securities Group ,Baker Mckenzie ,Department Of Labor ,Investment Management ,Investment Advice ,Faegre Drinker ,Partner Bradford Campbell ,Valerie Mirko ,Best Interest ,பிராட்போர்டு கேம்ப்பெல் ,பத்திரங்கள் குழு ,ரொட்டி சுடுபவர் மகெந்ஸீ ,துறை ஆஃப் தொழிலாளர் ,முதலீடு மேலாண்மை ,கூட்டாளர் பிராட்போர்டு கேம்ப்பெல் ,வலேரி மிற்கோ ,சிறந்தது ஆர்வம் ,