Despite over 92% of the 193,000 comment letters opposing delay, the Department of Labor’s Fiduciary Rule has been officially delayed until June 9. No matter the legalities, investor awareness is higher.
New Constructs submits the following comments regarding the Department of Labor’s proposed rule entitled Definition of the Term “Fiduciary” – Delay of Applicability Date.
On Thursday, March 30, at 4:15pm EST, join David Trainer and WealthManagement.com’s editor-in-chief, David Armstrong, for a webinar on how to turn the new fiduciary rule to your competitive advantage.
Interest in “fiduciary” is at an all time high despite efforts to kill the rule. Is all the push back on the rule having a “Streisand Effect”?
Striking the fiduciary rule down could make it, in the words of Obi-Wan Kenobi, “more powerful than you can possibly imagine.”
On Wednesday (2/22/17), WealthManagement.com featured our op/ed on why the fiduciary rule can’t be killed and how efforts to stop the rule may only make it stronger.
Get answers from CEO, David Trainer. He outlines New Constructs’ unique DOL Fiduciary Rule solutions, in our latest webinar.
Join us for a live webinar with CEO David Trainer to learn more about our unique solution and our Open Letter to the DOL.
Michael Kitces (@MichaelKitces), leading voice in the financial advisory industry, recently featured our MarketWatch op/ed in his recommended weekend reading and in a tweet.
Many people throughout the industry are still unclear as to how the fiduciary rule should be implemented. This uncertainty, at least In part, is behind many industry groups working hard to delay—or even scrap entirely—its implementation.
Our op/ed was published recently in MarketWatch. The article explained why the Labor Department still has to define the hardest part of the new fiduciary rule.
The Department of Labor’s fiduciary rule is under fire again. Essentially, those opposing the rule are saying that fulfilling a fiduciary standard—acting in the best interests of their clients—is too costly to work with their business model.
Clients are more educated than ever. There is more transparency into advisory practices than ever. It’s going to be awfully hard for advisors to win new business if they cannot tell clients they will act in the clients’ best interests.
We think investors’ expectation for the fiduciary standard is here to stay no matter what the official rules say — and those investors will increasingly demand that their advisers apply to their non-retirement accounts too.
On 11/22/16 our op-ed article was published at WealthManagement. The op-ed explains what it means to be a fiduciary, the conflicts within sell-side research, and how advisors fulfill fiduciary responsibilities going forward.
Our op-ed article was published at Marketwatch recently. The article explains why the Labor Department’s fiduciary rule is here to stay and how advisors can fulfill fiduciary responsibilities going forward.
CEO David Trainer will explain how to be prepared for new regulations and avoid the ire of the SEC.
In this podcast, I’ll explain how President Obama’s recent push for financial advisory regulation affects investors and advisors.