The Department of Labor (DOL) released the final version of a regulation that requires all retirement advisers to abide by a fiduciary standard—putting the best interests of their clients above their own financial interests. This ruling will apply to all financial professionals who provide investment advice to participants or sponsors of retirement savings plans, including 401(k) plans and IRAs.
What would the implication of this ruling mean to your business or practice?
At Envestnet, we are committed to powering the future of advice and to helping our clients navigate the changing regulatory landscape.
In this paper we will explore these industry dynamics and how successful advisors of the future will evolve their value proposition from making investment product recommendations to meeting the digital expectations of the consumer while also engaging clients in a more comprehensive conversation about the important goals and aspirations they have for their wealth— delivering a lifecycle of advice. This unique industry inflexion point is what we see as the Fiduciary Opportunity.
Advanced Technology Integration - Turbocharging Productivity
How do advisors benefit for advanced technology integration? View the infographic
Enhancing the Advisor's Value Proposition
Ten ways to become an essential advisor. View the infographic
Enhancing the Lifecycle of Advice
Using advanced technology to improve onboarding and create a better client experience. View the infographic
The new fiduciary standard aligns interests of the advisor and the client. The advisor must give best interest advice—prudent advice that is based on investment objectives, risk tolerance, financial circumstances, and the needs of the client. With the Envestnet platform capabilities well-positioned for a post-DOL regulatory environment, we are ready to help you through this change to not only comply with the rule, but to thrive under the rule and potentially take market share.
A discussion about the impacts and opportunities resulting from the final DOL fiduciary rule.
Webinar Date: 4/28/16
A discussion about the potential impacts and opportunities resulting from the proposed DOL fiduciary rule.
Webinar Date: 3/22/16