As deadline looms, Trump team must delay fiduciary rule

March 2, 2017

As deadline looms, Trump team must delay fiduciary rule

February 27, 2017 | by DALE BROWN | The Hill 

Working with a financial advisor is critical to achieving a dignified retirement. People who work with a financial advisor save more money, get better returns on their investments, avoid costly mistakes and have greater confidence in their financial futures. In fact, retirement savers who worked with an advisor had nearly 60 percent more money after four to six years, compared to those who invested on their own.

However, in a few months, many investors will only be able to receive limited access to retirement advice from their financial advisors due to the new regulations from the Department of Labor (DOL). 

Fiduciary Rule Harms Retirement Savers

Due to the rule’s increased compliance costs, low and middle-income investors will be forced out of their preferred model for investing and into robo-advice or no advice at all. A robot doesn’t know a client’s retirement goals, fears, or whether an emotional investment decision he or she may be about to make could jeopardize his or her retirement security.

Read Full Article Here

Go Back
Loreen M. Gilbert, CIMA, AIF, CRC, CLTC – President, WealthWise Financial Services
Blue Vault
July 6, 2016

Our firm has been using Blue Vault from the first year it was available.

We have found it to be a valuable tool to verify what wholesalers tell us and to dig deep into how the reported investments are really performing.

We appreciate that Blue Vault has expanded its services from initially covering REIT's to now also including BDC's.

Our clients also appreciate that we conduct this additional due diligence on their behalf.