How The New Fiduciary Rule Will Impact Accountants

The new fiduciary rules have recently been issued by the United States Department of Labor.  These new rules will have a major impact on people who give investment advice to individual Retirement Account owners.  There are many pitfalls that IRA advisers will have to watch out for when giving advice to IRA holders.  This article discusses many of those pitfalls and the steps that IRA advisers can take to avoid violating the new fiduciary rules.  Financial advisers and accountants are going to need to update their practices to conform to the new federal regulations.  The new fiduciary rules are sending shocks across the estate planning industry and estate planners will need to stay ahead of these major changes. 

See Seymour Goldberg, What Accountants Should Know about the New Fiduciary Rule, Accounting Today, May 18, 2016.