Proposed Fiduciary Rules for Advisors

The new fiduciary rules proposed by the Department of Labor would apply fiduciary duties to retirement plan brokers. If passed these new rules are expected to provide added protection to consumers that often do not read or do not understand the investment disclosures they are provided.

See Ron A. Rhoades, ‘Critical Moment’ for Fiduciary Advisors, Financial Planning, Feb. 23, 2015.

Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.