After much anticipation, the Department of Labor’s Conflict of Interest rule was finalized on April 6, 2016. Over the next several months, the industry will digest the new requirements with an eye towards meeting the initial phased-in effective date of April 2017 and be fully compliant by January 1, 2018. Although these dates may appear far off, financial advisors may wish to begin considering the implications of these changes. To help get started, we suggest the following:
Matt Sommer is Vice President and Director of the Retirement Strategy Group at Janus Capital.
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