New DOL Fiduciary Rule Could Rein In Use of Advisor-Like Titles
December 1, 2023 by Melanie Waddell
The Labor Department is requesting comments on how to potentially regulate advisor-like titles — such as financial consultant, financial planner and wealth manager — under its new fiduciary rule.
The preamble to the proposed rule says the department wants feedback on titles that “may convey the offer of individualized recommendations and are relied upon by the retirement investor,” Duane Thompson, senior policy analyst at Broadridge Fi360 Solutions, said on a recent webcast held by Broadridge.
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Originally Posted at Think Advisor on November 27, 2023 by Melanie Waddell.
Categories: Industry Articles