Say bye-bye to the short-lived fiduciary rule
May 07, 2018The Department of Labor’s fiduciary rule was set to disappear Monday. The short-lived, Obama-era regulation required the professionals who give you advice on your retirement investments to put your best interest first. A federal court overturned the fiduciary rule in March, and was expected to make it official today. Also Monday the Department of Labor put out a bulletin on the fiduciary rule, saying it would provide additional guidance to financial advisers in the near future. So what does it all mean for firms that give financial advice?
Blaine Aikin, AIFA®, CFA, CFP®, executive chairman with Fi360, weighs in on where we go from here.
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