Menu

Search

  |   Business

Menu

  |   Business

Search

DOL Fiduciary Rule is the new sheriff in town, DALBAR introduces solutions to new law of the land 

BOSTON, April 11, 2016 -- The Fiduciary Rule is now the “Law of the Land” and financial services institutions and professionals must choose a future course of business. These choices are:

  • Non-Fiduciary: Limit service to education and maintain compensation
  • Audited Advice: Using level fees or certified computer models, give advice and retain compensation
  • Fee Only: Assume full fiduciary responsibility and replace method of compensation
  • Best Interest Contract Exemption: Adopt BICE and keep compensation with some restrictions.

DALBAR provides solutions to support whichever choices are selected so as to minimize risks, grow business and comply with the new “laws”. The solutions include

  • use of standardized compliance policies,
  • contracts and guardrails,
  • upgrading services for web sites and phone scripts,
  • contact center monitoring and certification,
  • audit certification,
  • training and RF Accreditation.

“The new fiduciary rule has now become a reality and discussions about the best course of action must now turn into decisions, planning and execution in order to operate successfully in the new environment,” said Kathleen Whalen, Managing Director at DALBAR. 

For more details on the DALBAR Choices and corresponding Solutions, contact Brooke Halloran at [email protected] or via phone at 617-624-7273. 

DALBAR, Inc. is the financial community’s leading independent expert for evaluating, auditing and rating business practices, customer performance, product quality and service. Launched in 1976, DALBAR has earned the recognition for consistent and unbiased evaluations of investment companies, registered investment advisers, insurance companies, broker/dealers, retirement plan providers and financial professionals. DALBAR awards are recognized as marks of excellence in the financial community.

Contact: Kathleen Whalen
617.723.6400
[email protected]

Primary Logo

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

December 15 21:00 UTC Released

USOverall Net Capital Flows

Actual

151.2 Bln USD

Forecast

Previous

-51.3 Bln USD

December 15 21:00 UTC Released

USNet L-T Flows,Incl.Swaps

Actual

7.9 Bln USD

Forecast

Previous

65.1 Bln USD

January 9 11:00 UTC 3408834088m

BRRetail Sales MM*

Actual

Forecast

0.35 %

Previous

January 9 11:00 UTC 3408834088m

BRRetail Sales YY*

Actual

Forecast

3.20 %

Previous

January 9 11:00 UTC 3408834088m

BRRetail Sales YY*

Actual

Forecast

3.20 %

Previous

January 9 11:00 UTC 3408834088m

BRRetail Sales YY*

Actual

Forecast

3.20 %

Previous

January 9 11:00 UTC 3408834088m

BRRetail Sales MM*

Actual

Forecast

0.35 %

Previous

January 9 11:00 UTC 3408834088m

BRRetail Sales YY*

Actual

Forecast

3.20 %

Previous

December 12 09:30 UTC 63236323m

GBRPIX YY

Actual

Forecast

Previous

4.2 %

December 12 09:30 UTC 63236323m

GBPPI Input Prices MM NSA

Actual

Forecast

Previous

1 %

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.