
Advisory Tech can help you thrive in the post-DOL world
The U.S. government claims that financial advisors charge about $17 billion in exorbitant fees a year by putting their own interests to earn high commissions over the client’s interest. The government, therefore, wants to regulate these charges by introducing the Labor Department’s fiduciary rule 29 CFR – parts 2509, 2510, and 2550) to stop them from doing so. Crucial concessions were made to the final ruling to make implementation easier for the financial industry. However, the fear of litigation still hangs in the air particularly if financial advisors are unable to prove that their retirement advice is in the client’s …