Now that the DOL fiduciary rule has been finalized, you might be wondering what happened to the feedback from the comment periods. Maybe you even offered comments.
Read: 10 changes to the DOL fiduciary rule
People have been very concerned about many areas affecting advisors and others, including these, for starters:
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Education
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Coverage of health and welfare arrangements
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Appraisals
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Can I say"Hire me"
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Small Businesses
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Asset list in BICE
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Timing of the contract
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Call centers and required contract parties
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Disclosure
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Implementation concerns… and more
Did the DOL take those comments into consideration?
They say yes. On its website, the DOL has created a chart addressing changes it made in a whole slew of areas from the proposed early version to the finalized one.
Did your concerns get addressed? Check the chart at the DOL site or see our version below:
Chart by US Dept. of Labor--See original at http://www.dol.gov/ProtectYourSavings/comparison-chart.htm
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