DOL Rule Is Seismic Shift For Advisors
Jamie Patrick Hopkins
Labor Secretary Alexander Acosta’s announcement that the new fiduciary rule will go into effect June 9 as planned will dramatically impact the lives of financial advisors who deal with retirement plans, according to advisors, lawyers and consultants.
Full implementation of the rule for broker-dealers and advisors is still set for Jan. 1, but the portions effective June 9 represent a seismic shift for many advisors, who have been preparing for months, industry insiders say.
Demasters, Karen, "DOL Rule Is Seismic Shift For Advisors" (2017). In the News. 2243.