DOL Extends Fiduciary Rule Transition Period

On Monday, November 27, 2017, the Department of Labor (DOL) announced an 18-month extension of its Fiduciary Rule transition period (Transition Period).  The primary purpose of the extension was to give the DOL additional time to consider public comments under criteria set forth in the Presidential Memorandum issued on February 3, 2017. In light of… READ MORE

Fiduciary Status Under The New DOL Rule — Frequently Asked Questions

On April 6, 2016, the U.S. Department of Labor (DOL) released its final regulation (DOL Rule) defining fiduciary, which expands the circumstances under which financial professionals become fiduciaries for purposes of ERISA and the prohibited transaction provisions of the Internal Revenue Code, as a result of providing investment advice. The DOL also issued two new… READ MORE