Fiduciary Rule

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Fiduciary Rule

What the New Department of Labor (DOL) Fiduciary Rule Means to You

By: Tim Hayes Financial Advisor - posted in: Employers Investment Advisor - Last updated Jun 17, 2019

The Fiduciary Rule applies mostly to private sector retirement plans, such as 401(k)s, SEPs, SIMPLEs, and 403(b) plans that fall under ERISA. The administration believes the rule is needed because conflicts of interest are causing 401(k) participants and IRA owners to pay higher fees, resulting in smaller account balances.

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The Best Interest Contract Exemption

The 2015 Fiduciary Proposal: A Retirement Ruckus

By: Tim Hayes Financial Advisor - posted in: Employers Financial Planner - Last updated Jun 17, 2019

A dispute is embroiling the financial services industry. On one side are the broker-dealers and the Chamber of Commerce. On the other are President Obama and various consumer groups. If the government wins, it will affect 401(k) plans, as well as Individual Retirement Accounts (IRAs)..

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The 2015 Fiduciary Proposal: A Retirement Ruckus

Financial Advisor Tim Hayes Believes The Department of Labor Got It Right

By: Tim Hayes Financial Advisor - posted in: Employers In the News - Last updated Jun 17, 2019

By striking a balance between new protections for consumers with additional burdens on the financial services industry, Financial Advisor Tim Hayes believes the Department of Labor (DOL) hit a home run with their new retirement advice rule.

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Retirement Plan Sponsors the DOL Makes Plan’s More Transparent

Cambridge Investment Research’s DOL Response

By: Tim Hayes Financial Advisor - posted in: In the News Investment Advisor - Last updated Jun 11, 2019

You may have seen recent media coverage regarding a new fiduciary rule approved by the U.S. Department of Labor (DOL). This regulation will affect my business and the financial industry as we work under a new set of rules and disclosure requirements but it should not dramatically impact the most important thing to me, which is my relationship with you.

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