The Fiduciary Opportunity: The Future Is Now
After nearly a decade of trying, the Department of Labor (DOL) finally rolled out its Fiduciary Rule on June 9, 2017—though only with a partial implementation. The Impartial Conduct Standards went into effect and this means advisors and their firms must put their clients best interest first. The fiduciary standard is certainly here to stay and probably for taxable accounts as well. Firms should already be meeting the Impartial Conduct Standards for retirement accounts and be preparing for taxable accounts soon.
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