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DOL Fiduciary News: July 18, 2016

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Advicent Empowers Advisors for Success amid Industry Changes

July 18, 2016 08:00 AM EDT

MILWAUKEE -- (BUSINESS WIRE) -- With the DOL fiduciary rule taking shape and many companies creating action plans to implement the anticipated impact, Advicent is building a DOL Education Center in Advisor Briefcase, a powerful marketing communications tool, which will be released to users in the near future. This education center includes content such as an overview of the DOL Fiduciary Rule; shorter advisor items including topics around collecting commissions, potential changes to the rule, and anticipated enforcement of the DOL Rule; and content to assist in positioning the value of financial planning that advisors can leverage when educating clients on the impact of the rule – thus abiding by the new fiduciary standard set by the DOL.

17 Questions Answered About the DOL Fiduciary Rule Change

July 17, 2016, 08:00:55 AM EDT

The following questions were raised to us about the new DOL Fiduciary Rule.

  1. In RIA with Rollover, since AUM increases, but fees decrease or services increase then are you a conflict? Trusted advisor is increasing income, but client getting something for it.
  1. This question seems to be asking when an Advisor is managing a client's retirement plan assets and recommends a rollover to another vehicle, such as an IRA, since the Advisor's assets under management (AUM) will increase but overall fees paid by the client will decrease, or services received by the client increase, then are you in a conflict? The Advisor's compensation is increasing but the client getting something for it.


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