The long-anticipated “fiduciary rule” update from the Department of Labor has been issued. AdvisorAssist is reviewing the contents of the rule change to determine what compliance impact it would have to our clients, if any.
As the effective date for the rule’s applicability is no earlier than April 2017 we are taking the time to thoroughly and completely analyze the rule change to ensure further guidance is complete and accurate.
The rule change was published on the Federal Register detailing these final rules from the Department of Labor is available here.    A summary of the rule change starts on page 8.
Stay tuned for additional information as we get closer to April 2017 and January 1, 2018 implementation dates.