Tag Archives: DOL Fiduciary Rule

DOL Prohibited Transaction Rule aka DOL Fiduciary Rule 3.0

Posted on August 23, 2021 by cindihill

The Department of Labor (DOL) Fiduciary Rule became effective February 16, 2021, with a compliance date of December 20, 2021. Under 3.0, advice to rollover or transfer an account is fiduciary advice…even though the prospect is not yet a client. … Continue reading →

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SEC Exams and the DOL Rule

Posted on June 8, 2018 by cindihill

If your Policies and Procedures Manual says you do ‘X’ then you should be doing it.  In the past year I have added a policy for the DOL Rule to client Policies and Procedures Manuals.  Examiners have been asking about … Continue reading →

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DOL Fiduciary Rule – update

Posted on May 10, 2018 by cindihill

Although it appears that the federal court decision vacating the DOL Fiduciary Rule was supposed to take effect on May 7, 2018, the DOL releases a statement continuing its policy of non-enforcement given “uncertainty about fiduciary obligations.” Firms that have … Continue reading →

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News regarding DOL Fiduciary Rule

Posted on March 16, 2018 by cindihill

Yesterday, March 15, 2018, the U.S. Court of Appeals for the 5th Circuit voted 2-1 to vacate the DOL Fiduciary Rule.  HOWEVER,  the effect of the decision only applies to the following three states within the 5th Circuit’s jurisdiction – Louisiana, … Continue reading →

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DOL Fiduciary Rule Delay is Official

Posted on November 27, 2017 by cindihill

The 18-month from the DOL is now official.  The Transition Period for the Fiduciary Rule’s Best Interest Contract Exemption and the Principal Transactions Exemption will move from January 1, 2018 to July 1, 2019. During the extended period, fiduciary advisors … Continue reading →

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Morningstar Introduces Best Interest Scorecard

Posted on November 10, 2017 by cindihill

The consolidated proposal system, available in Morningstar® Advisor Workstation(SM), represents company’s ongoing efforts to help advisors serve clients’ best interests CHICAGO, Oct. 26, 2017 /PRNewswire/ — Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today announced the … Continue reading →

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The Fiduciary Rule, Distributions and Rollovers

Posted on September 18, 2017 by cindihill

information provided by Fred Reisch blog at FredReisch.com Now that it seems likely that the fiduciary rule and the transition exemptions will continue “as is” until at least July 1, 2019, it’s time to re-visit the fiduciary rule and the … Continue reading →

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Finding Fees to Satisfy DOL Rule – Part 2

Posted on July 27, 2017 by cindihill

FeeX for Advisors helps financial advisors comply with the new Department of Labor fiduciary rule regarding 401k rollovers and IRA transfers. FeeX automatically collects and analyzes the 404a5 participant fee disclosure document as its main data source and runs a … Continue reading →

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Finding Fees to Satisfy DOL Rule

Posted on June 28, 2017 by cindihill

A question I keep hearing is “how do I determine the fees associated with the 401(k) or other retirement plans that a client currently owns?”  Good question and could be a difficult one to answer.  Here are some suggestions: Ask … Continue reading →

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DOL Rule

Posted on June 5, 2017 by cindihill

As the effective date, June 9, 2017, rapidly approaches below is some information to keep in mind. As a “fiduciary” to a plan or a participant governed by ERISA’S prudent man rule and duty of loyalty, an advisor must engage … Continue reading →

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