Final Fiduciary Rule
Today the Department of Labor released its long-anticipated revisions to ERISA’s definition of who is a fiduciary. (See next post for links.) Although the DOL claims to have “streamlined” the rule in response to industry criticism (and extended the implementation period), this rule may significantly change the way advisors deliver retirement investment advice. Dorsey & Whitney will be holding a symposium on May 10, 2016 discussing the new rules. Clients will be receiving an invitation shortly. Should you be interested in participating in person or remotely, please e-mail Kim Daniel at Daniel.kim@dorsey.com