The Advisor’s Guide to the DOL Fiduciary Rule

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In April of 2016 the U.S. Department of Labor (DOL) released its final rule that greatly expands the DOLs definition of fiduciary to apply to a broad range of advisors and broker-dealers who work with a wide variety of retirement related accounts. With ma

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Product Description

In April of 2016 the U.S. Department of Labor (DOL) released its final rule that greatly expands the DOLs definition of fiduciary to apply to a broad range of advisors and broker-dealers who work with a wide variety of retirement related accounts. With many of these advisors currently operating under a suitability standard broad imposition of the much stricter fiduciary standard of conduct will be a major change that will be felt by nearly the entire financial services industry. Even advisors who currently meet the fiduciary standard will face new documentation and operational requirements. The Advisors Guide to the DOL Fiduciary Rule is the premier resource guiding advisors planners agents producers attorneys and other professionals through the new requirements established by the DOLs significant new rule. Written by one of the most highly respected legal experts in the field this Guide delivers a powerful combination of expert explanations and legal analysis along with vital Q&As that provide reliable direct answers to vital questions before they arise.This is a partial list of the key topics and questions addressed The historical definition of fiduciary The changing definition of investment advice Exemption to the new definition of investment adviceWhat constitutes reasonable compensationBest interest contract (BIC) exemption Impact on Insurance products and annuities8424 exceptionClient education exception How are conflicts of interest to be handledAcceptable pay models for selling retirement investments such as 401(k)s and IRAsHow does the new rule apply to small plans with less than 100 participantsEnforcement authority of the DOL under the new fiduciary ruleThe DOLs impartial conduct standard and its relationship to Prohibited Transaction ExemptionsImpact on advisors and registered investment advisors (RIAs)Potential civil liability for violationsPlustheres a Frequently Asked Questions section for advisors and broker dealersforms and sample contracts for the Best Interest Contract Exemptionand much more.