The New Fiduciary Rule & Its Impact on Investors
U.S. Department of Labor raises standard for investment advisors
In April 2016, the U.S. Department of Labor (DOL) issued final rules on conflicts of interest among investment advisors of retirement accounts. Under the new rules, investment advisors must adhere to a stricter standard (i.e., the “fiduciary standard”) of performance with respect to assets held in qualified retirement plans. The “fiduciary standard” requires advisors who are registered with the SEC […]
