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 >

November 12 21:45 UTC Released

NZFood Price Index

Actual

-0.6 0

Forecast

Previous

-0.1 0

November 12 21:00 UTC Released

KRImport Price Growth YY

Actual

10.7 %

Forecast

Previous

9.7 %

January 31 00:00 UTC 411739411739m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 411739411739m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 423559423559m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 411739411739m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 423559423559m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 411739411739m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 411739411739m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 411739411739m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

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