DOL Fiduciary News: April 4, 2016

Please Note:

These links will take you directly to the homepage of the website that features the article.

To reach the article directly, copy and paste the article title into the search feature on the homepage of the publication website.

Bond shop may have to drop clients due to DOL rule 

InvestmentNews; Apr 1, 2016 @ 1:16 pm

With the Labor Department expected to release the final version of the new fiduciary rule next week, some investors are already being put on notice that they may have to go elsewhere for their financial service needs.
(http://www.investmentnews.com)

Under DOL rule, fee-only RIA plan advisors in driver’s seat 

BenefitsPro; April 4, 2016

The steady flow of migration from the brokerage model of retirement services to the fee-based model over the past decade will clearly continue after the Department of Labor releases its finalized fiduciary rule next week, said Skip Schweiss, managing director at TD Ameritrade.
(http://www.benefitspro.com)

Massachusetts regulator Galvin questions robos' ability to act as state-registered investment advisers 

InvestmentNews; Apr 1, 2016 @ 10:57 am

Many robo-advisers consider themselves fiduciaries, based on their registration under the Investment Act of 1940.
(http://www.investmentnews.com)