Here’s the Skinny…
Many a false preacher exists when it comes to explaining the DOL Fiduciary Rule delay and its latest requirements. Depending upon the information source (and their economic interest), we’ve unfortunately seen vastly incorrect (and potentially dangerous) explanations being distributed as if they were factual.
Following and/or listening to (or running your business according to) such bad information as if it’s gospel could ultimately devastate you and your organization. It’s important you get it right as the delay is now extended until July 1, 2019 … meaning, you must operate accordingly and by the rules between now and then.
- Executive Summary: What advisors and financial institutions need to know about the DOL Fiduciary Rule delay
- DOL Extension Fact Sheet
You can count on the accuracy of these resources as they’ve been prepped and reviewed by attorneys working in the securities and asset management world.
That’s the Skinny,