How Much Time Will Be Needed to Comply With DOL Fiduciary Rule?

March 30, 2016

MARCH 24, 2016 | Think Advisor

DOL says eight months; industry experts are saying at least one to three years

The Department of Labor is on the verge of implementing its rule redefining fiduciary on retirement accounts – are advisors and firms prepared for this new ERISA rule?

While there are many outstanding questions about what the final rule will actually say, a big concern seems to be the amount of time given for advisors and firms to implement and comply with the new standard.

An implementation period of at least eight months is expected, although it’s unknown if that time frame will change in the official rule.

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Second Annual Blue Vault Broker Dealer Educational Summit 2016
2016 Broker Dealer Educational Summit 2016
May 30, 2016

Best Due Diligence meeting in the industry. No sales pitches, senior level decision makers, meaningful discussions and the Broker Dealer networking sessions were especially useful. Thanks to Blue Vault for raising the bar!