DOL Proposal and a Fiduciary Standard

Much as been said speculated about and is still unknown regarding the DOL’s Proposal and it’s impact on the industry. I am linking to a few good articles that I have found add valuable commentary to the changes we can expect to see in the industry, and perhaps even to the DOL’s proposal itself.

An outline of the DOL Proposal:

http://ebscomp.com/dol-issues-proposed-regulation-revising-the-definition-of-fiduciary-and-the-prohibited-transaction-exemptions-for-adviser-compensation/

And another from the US Chamber of Commerce:

https://www.uschamber.com/sites/default/files/summary_of_dol_fiduciary_proposal.pdf

 

Ron Rhoades: Scholarly Financial Planner

http://scholarfp.blogspot.com/2015/08/10-questions-re-dol-fiduciary-conflicts.html

 

Comments from Mercer Bullard, a University of Mississippi Law professor:

http://financialservices.house.gov/uploadedfiles/hhrg-114-ba16-ba09-wstate-mbullard-20150910.pdf

 

DOL’s Proposal Affecting Rollover from 401k to IRA:

http://www.fa-mag.com/news/ria-rollover-advice-could-fall-under-dol-rule-23473.html

 

And Comments from Fiduciary News voicing their displeasure with the Proposal not going far enough:

http://www.fiduciarynews.com/2015/09/six-months-later-and-its-now-clear-the-current-dol-fiduciary-proposal-worsens-investor-protections/

 

And lastly, on the Solutions front comments from Michael Kitces on ever-changing compensation options:

https://www.kitces.com/blog/retainer-fees-vs-the-aum-model-in-financial-planning-red-ocean-differentiator-or-blue-ocean-strategy-opportunity/