Financial Planning

The Reality of the DOL Fiduciary Rule

The Reality of the DOL Fiduciary Rule

I rarely write opinion pieces. I’m not sure why to be honest, but I prefer to stick to facts, figures, and strategies. Opinion pieces are far more grey rather than clear cut.

On the eve of when the Department of Labor Fiduciary Rule was supposed to go into effect, I’m both infuriated and ecstatic all at the same time. I suppose I’m somewhat bipolar when it comes to the new fiduciary rule.

Why so emotional? The rule is great for investors, bad for brokers, and neutral to negative for current fiduciaries. It’s a hot bed of “what ifs” and “what could be” when it comes to how financial advisors interact and guide their clients.


Forms and Service

Filling out forms is service....