In less than a month, advisors on retirement assets will be required to act as fiduciaries. Is the “Deep State” to blame for that?
Chris Jones, the Chief Investment Officer at Financial Engines, chuckles at the proposition.
Much of industry was taken by surprise when the fiduciary rule’s impartial conduct standards were kept in place after the Labor Department delayed implementation of the rule in April, Jones told BenefitsPro. Those standards require advisors to give non-conflicted advice on qualified retirement accounts, beginning June 9.
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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.
