In the News

Title

RIAs To Feel The ‘Higher Burden’ Of Fiduciary

Document Type

Article

Publication Date

4-8-2016

Abstract

The Department of Labor’s “Conflict of Interest” rule holding advisors to a fiduciary standard of care has raised the bar on every registered investment advisor (RIA) managing retirement accounts, RIA owners and financial experts say.

Even fee-only advisors that have followed a fiduciary standard for years and who may feel like they are better positioned for the changes will find it more difficult to do business, experts say.