3 Ways To Prepare For The Impending DOL Fiduciary Rule

The Department of Labor’s Fiduciary Rule is here to stay. Released publicly on April 6th, the conversation is now transitioning from debate to preparation. Many advisors are adopting a “wait and see” approach to the rule, with plans to adapt their business once the rule takes effect next year. Many experts are warning against this position. Businesses need to start planning now. Though the rule has been heavily discussed in the financial industry for the last year, the majority of the general public has no idea what’s coming or how it will affect them. And when the news does hit the mainstream media, there will be a lot of fear and confusion. What does this mean for me? How will this impact my investments? Who do I trust now? First, be sure you understand the implications the ruling will have on your clients. The law will have the largest impact …

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