While the primary casualty of the fiduciary rule – which began to take effect in June – is intended to be conflicts of interest on the part of financial advisers when it comes to their clients’ retirement accounts, today’s article identifies another potential casualty of the rule: the number of mutual funds offered by brokerage firms as they seek to…
After being delayed, the Department of Labor’s fiduciary rule – which requires that all financial professionals put the best interests of their clients first when it comes to retirement accounts – is set to be implemented (for now) on June 9. But beyond eliminating conflicts of interest, will the rule make it less expensive to invest for retirement? Today’s article…
Issues relating to retirement did not receive much focus during the presidential campaign. However, the incoming Trump administration (and the Republican-controlled Congress) are positioned to affect a number of issues of importance to impending retirees – including the fate of the fiduciary rule requiring that investment advisers handling retirement accounts act in the best interests of their clients. So what…
“When the Obama administration released its new investing regulations aimed at protecting retirement savers from conflicted advice, its name – “fiduciary rule” – doubtless flummoxed some. But behind the clunky term are new standards that could give you clearer information when making decisions about your retirement nest egg.” Today’s article lays out how the new “fiduciary rule” will impact the…