Sentences with phrase «even fiduciary advisors»

Not exact matches

These recommendations are fiduciary advice even when the advisor does not otherwise have a relationship with the participant's 401 (k) plan or pick investments for the IRA.

While a uniform fiduciary standard would be disruptive to the retirement plan industry in the short - term, I believe it's in the best interest of all retirement plan stakeholders — participants, fiduciaries, and even financial advisors — in the long - term.

Meanwhile, self - styled «investor advocates» campaign for a stricter fiduciary standard to apply even to advisors servicing smaller accounts.

In fact, a recommendation for a participant to take a rollover distribution would be viewed as fiduciary advice, even if the advisor does not include any actual investment recommendations along with the rollover recommendation.

Furthermore, the DOL Rollover Opinion indicates that advisors providing such fiduciary advice, even if inadvertently, will also be treated as subject to the restrictions described in the Rollover Opinion.

It's one of the single most feared (or even loathed) provisions of the Department of Labor's fiduciary rule for a large financial institution, because it dramatically raises the stakes of a potential systemic failure to fulfill the firm's fiduciary duty to clients, outside the relative safety of one - advisor - at - a-time arbitration (especially industry - friendly FINRA arbitration).

In other words, with the administration currently struggling with numerous other important policy goals, the Fiduciary Rule (which could negatively impact Franklin's future AUM flow via its broker / dealer and advisor channels) could well survive and result in even further growth challenges.

That means even without the DOL Fiduciary Rule a fee - only registered investment advisor is required to put their client's interest first, whether funds are in a retirement account or not.

But this doesn't exclude advisors from charging a commission, even under the DOL's new fiduciary rule.

But financial advisors who aren't fiduciaries are fighting back — even personal finance experts you may trust, like Dave Ramsey, are fighting against it because it goes against their financial interests.