Are You a Fiduciary?
The Leaders Group offers a structured approach to the new Fiduciary Rule, helping insurance-only agents define their business to better meet their new fiduciary standard. The new DOL ruling, with oversight beginning in 2017, will have an impact on nearly all financial advisors, particularly insurance-only advisors who are not securities licensed.
The new regulations expand the investment-advice fiduciary definition under the Employee Retirement Income Security Act of 1974 (ERISA), elevating all financial professionals who provide retirement planning advice to the level of a fiduciary. Advisors will now be bound legally and ethically to fiduciary standards and will be expected to have broader knowledge and expertise when providing investment advice, including knowledge of securities products outside the scope of an insurance license.
We provide fiduciary education, documentation to verify client processes, and a broad range of tools to assist brokers with financial product comparisons.