DOL’s fiduciary exemption is not a workable option for advisers

Despite months of media attention and frequent discussion within our industry, many financial advisers are only beginning to grasp the implications of the Labor Department’s effort to expand its definition of fiduciary under ERISA. The rule, as written, will deny millions of small and mid-sized investors access to quality, affordable retirement advice.

Read more of Dale Brown’s InvestmentNews blog post here.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s