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 comply with the rule. While advocates of the fiduciary rule claim that investors will benefit from this pruning of funds, others are concerned about the implications of this “less is more” approach. To read more, CLICK HERE.
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 looks at the provisions of the rule – including how it will usher in two new classes of low-fee shares (T shares and clean shares) – and what their potential impact on retirement savings may be. To read more, CLICK HERE.
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 does the uncertainty surrounding these issues mean for those on the verge of retirement? The author outlines some portfolio moves for those in this group to consider. CLICK HERE to read more.
“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 investing landscape. How will investors’ relationships with their advisors change? Will investors have to sell investments their advisors recommended in the past that do not conform to the new rule? Will the change save investors money or does it spell trouble for those with smaller accounts? For answers to these questions and more, CLICK HERE.