In the News

Title

New Rule Offers Opportunities for Reverse Mortgage, Financial Planner Relationships

Document Type

Article

Publication Date

4-4-2016

Abstract

A monumental rule change coming to the financial services industry this week will impact the business of firms offering compensation-based advice, but it may also create opportunities for financial advisers and reverse mortgage professionals to form new relationships.

On Wednesday, the Department of Labor (DOL) is expected to release its final rule that would amend the definition of fiduciary under the Employee Retirement Income Security Act (ERISA) of 1974.