3 Ways to Prove You’re Fulfilling the DOL Best Interests Standard

By Aaron Klein via Iris.xyz

It’s here. The Department of Labor’s (DOL) fiduciary rule has been finalized, and its intents are clear: “This broad regulatory package aims to require advisers and their firms to give advice that is in the best interest of their customers…” (81 CFR 20947). Advisors must now provide evidence that their advice is “…based on the investment objectives, risk tolerance, financial circumstances, and needs of the Retirement Investor.”

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