DOL to Stare Down Industry on Fiduciary

By Megan Leonhardt, wealthmanagement.com

Advisors may have to wait a bit longer to see what the Department of Labor’s proposed rule setting a new fiduciary definition under ERISA will look like, but it’s unlikely time will temper the results.

Fiduciary Standard Debate Heats Up

onwallstreet.com

As federal regulators move ahead with a pair of rulemaking proceedings that could dramatically reshape the financial advisory industry, advocates of broader fiduciary responsibilities are urging advisors to make their voices heard in Washington.