As the DOL fiduciary rule’s April 2017 implementation deadline looms (recent attempts to delay it notwithstanding), make sure you’re prioritizing your time and energy appropriately.
Confused about the DOL fiduciary rule implementation deadline? We’ve got you covered in this update (as of Feb 7, 2017).
Despite speculation about the fate of the DOL fiduciary rule under the new Trump Administration, Russell Investments believes advisors should stick to their current implementation plans.
There’s little doubt that the DOL fiduciary rule is a disruptive industry event. But, Russell Investments’ Tim Noonan believes it is also welcome, global and promising.
The DOL rule’s looming implementation deadlines are triggering survival instincts among many advisors. That instinctive reaction will dictate who will succeed in shifting with the advisory curve.
As the implications of the DOL’s fiduciary standards rule begins to sink in, many advisors are wondering “What motivated the DOL to do this?”
As clients, advisors, and regulations evolve, a dedicated eye toward delivering an optimized client experience and portfolio will benefit advisors who execute at the highest levels.