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New Fiduciary Rule Update

Brad KnowlesBy Brad Knowles, Heritage Institutional

On Wednesday April 6th, the Department of Labor (DOL) released the long-anticipated new Conflict of Interest (aka “Fiduciary Rule”) regulation. Though the regulations maintain much of the substance of the proposed language, the DOL received many comments and as a result made a fair number of modifications to the language.  Our team is currently reviewing the regulations and legal commentary, and we will provide you an analysis of any impact to you, your fiduciaries and your participants.

Since inception in 2008, we’ve served as co-fiduciary with each and every one of our clients; the new regulations will not in any way force us to change our service model. This will allow us to continue focusing on providing excellent service to our respected clients. For us, it’s business as usual.

If you would like more information in the interim, the DOL has provided FAQs on their website:

If you have any questions or concerns, please let me know.