DOL Fiduciary Rule Is Long Overdue, CFP Board’s Top Lawyer Says
March 18, 2024 by Melanie Waddell
Now that the Labor Department has sent its final fiduciary rule to the Office of Management and Budget for review, it’s a good time for advisors to review how the Certified Financial Planner Board of Standards’ Code of Ethics and Standards of Conduct dovetail — or not — with Labor’s plan.
Leo Rydzewski, CFP Board’s general counsel, notes that ”a CFP professional who provides covered retirement investment advice will be required to comply with the DOL’s new fiduciary rule once adopted.”
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Originally Posted at Think Advisor on March 13, 2024 by Melanie Waddell.
Categories: Industry Articles