On April 6th, the Department of Labor finalized a rule which has been years in the making. You may have seen provocative headlines such as: New Fiduciary Rule for Financial Advisors Prohibit Conflicts of Interest DOL Rule Forces Financial Advisors to Do What’s Best for Clients Investment Advice Just Got a Lot Safer Summary I’ll cut to the chase before I go into the details. The rule requires that investment advice given on tax deferred accounts (IRAs and others) be held to a...
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