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The DOL fiduciary rule and casual IRA advice

With the DOLs fiduciary rule in mind, you will need to examine your full book of IRA business and make some strategic decisions.

By Rich White | Updated on April 18, 2016
Labor Secretary Thomas Perez (photo: AP)

Most financial advisors offer their clients casual IRA advice, which can take several forms.

The most common form is to integrate IRAs into a client’s asset allocation program or portfolio review process. Other forms of casual advice include: suggesting conversions from Traditional to Roth IRAs, providing calculations or advice on minimum distributions, and advising on beneficiary changes.

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