Fiduciaries Should Have 'Little Difficulty' Complying With DOL Rule, CFP Board Counsel Says

CFP Board General Counsel Leo Rydzewski explains that the proposed Department of Labor retirement security rule “doesn’t prohibit an advisor from making a recommendation or earning reasonable compensation, but it must be made in the client’s best interests.” He also notes that “It’s not the method of compensation that dictates whether or not you can act in your client’s best interest, it’s the service you provide that does that.”

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