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DOL Fiduciary News: May 16, 2016

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Fiduciary rule's approach dominates earnings calls

Pensions & Investments; May 16, 2016

The impending fiduciary rule is looming over the money management industry, which experienced a mixed performance in the first quarter.

Although the Department of Labor rule — which expands the definition of fiduciary investment advice but clarifies that plan sponsors can continue to provide education without triggering fiduciary duties — won't go into effect until next year, it was “one of the most, if not the most, popular topics on earnings calls,” said Christopher Shutler, a Chicago-based equity analyst with William Blair & Co., in an interview.

How to Sell and Not Get Sued Under Fiduciary

InsuranceNewsNet; May 13, 2016

Now that analysts and insurers have parsed the 1,000-plus pages of the Department of Labor fiduciary rule, tentative operating procedures are starting to emerge.

For starters, how agents are going to sell, how they will be monitored and paid, and perhaps most importantly, how everyone will mitigate liability concerns.

Advisers Already Moving to Overcome DOL Fiduciary Rule Challenge

PLANADVISER; May 13, 2016

As a third-generation financial adviser currently working as the vice chairman of the individual investor group within D.A. Davidson, Andrew Crowell says he’s very confident the financial advisory industry will overcome the emerging challenges presented by the Department of Labor’s (DOL) fiduciary rule.

6 DOL Fiduciary Tasks to Tackle Before First Deadline

ThinkAdvisor; May 12, 2016

Financial advisory firms have a lot to do between now and April 10, 2017, when the Department of Labor's fiduciary rule becomes “applicable,” in the nomenclature of the agency. Full compliance is not required until Jan. 1, 2018, allowing firms a transition period to set up policies and processes that conform to the new rule, but the clock is ticking.(

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