UNLOCK THE POWER OF THE VAULT

Perez: DOL Still Reviewing Fiduciary Rule Draft, ‘Misaligned Incentives’

March 18, 2016

MARCH 17, 2016 |

Labor Department Secretary Tom Perez said Thursday the agency is still reviewing the final draft of the proposed fiduciary rule for retirement plan advisors.

He would not predict when it would be publicly released. It is expected to come out in the next several weeks.

The rule would require advisors to put their clients’ financial interests above their own. Perez said the agency is working to make the rule enforceable.

Article Located Here

Print Friendly, PDF & Email
Go Back
John E. Moriarty, ChFC
December 2015
February 3, 2016

I have been in the financial services industry for 20 years and our firm provides an education platform that gets clients to “think differently” about their financial picture.  For many years we have communicated to clients the need to diversify their portfolios using alternative asset classes and more specifically, private non-traded investments.  Due diligence on these types of financial vehicles is essential and when I learned about Blue Vault in 2010, our firm immediately began using their material as a tool to build confidence in the minds of our advisors on which alternatives to recommend to clients.  I am impressed with the way Blue Vault continues to add value to their subscribers and I view their publication as a tremendous resource in today’s complex world.