Hold the line, please!  DoL rule in limbo…..

February 6, 2017

As we predicted many months ago, the challenges to full implementation of the DoL fiduciary rule would be many.   The latest is the Trump administration's proposal to postpone the implementation for six months for study of the rule.  However, even that pronouncement has its ambiguities.  Our recommendation is that advisers and broker-dealers continue to work towards compliance.  So much of the industry has already implemented new systems and even fund class structures.  If nothing else, you need to be ready to adopt and adapt to the new structures.

We'll keep you posted as things develop......