NEW YORK, April 7, 2016 /PRNewswire/ -- The Department of Labor's new fiduciary rule has created tougher requirements for retirement investment advisers, and massive confusion for individual investors.
"This is the most groundbreaking regulation for financial advisers in nearly 50 years, but most individual investors don't even know what a fiduciary is," says InvestmentNews editor Frederick P. Gabriel. "This game changing piece of regulation is about to upend many parts of the financial advice business."
Critics say the changes come with onerous legal requirements that could force brokers, who earn commissions, to abandon small investors.
One thing is clear: Financial advice to retirement savers is about to change.
"It's almost impossible to overstate the significance of this rule change," Gabriel says.
InvestmentNews, the leading source of news and information for financial advisers, has been covering this story from the beginning. Its team of reporters and editors are available to lend their insight on this rule and the changes it portends.
If you, or another reporter at your publication, is doing a story on this rule and is looking for knowledgable, unbiased, commentary, contact editor Frederick P. Gabriel Jr. at 212-210-0477 or firstname.lastname@example.org
InvestmentNews' mission is to provide the financial advisory community with the highest quality news, analysis and industry intelligence - whenever, however, and wherever they need it. We are committed to delivering timely and accurate content that informs and engages financial advisers, delivered through a website; weekly newspaper, e-newsletters, data, research, studies, events and custom content marketing. By creating content that establishes an industry standard of excellence - and distributing through a uniquely diverse platform – InvestmentNews continues to be the leading information source for financial advisers.
Frederick P. Gabriel Jr., Editor, InvestmentNews
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