In its simplest terms, the Department of Labor’s fiduciary rule is really all about “the Mom Test,” says Rob Foregger.
The co-founder of NextCapital, a Chicago-based software provider of open-architecture, managed account platforms for 401(k) plans and individual wealth management advisors, acknowledges the complexity of DOL’s rule, and the fact that it will fundamentally change how the institutional and retail advisory industries operate going forward.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
