The Fiduciary Rule Arrives (sort of)

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The Department of Labor will have a press conference today to discuss it’s new “streamlined” update to the proposed rule it floated last year. Lawyers and lobbyists from the industry voiced their concerns and the DoL addressed them by either modifying aspects of the rule or throwing certain items out entirely.

I would point you toward Tara Siegel Bernard take at the New York Times, linked here, and I highly recommend you check out this table of how the rule was changed to satisfy the industry, on a point by point basis.

I’ll have more later on this once I’ve digested it…

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