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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Ramón A. Rivera-Ramos
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September 1, 2016

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