The Department of Labor’s final fiduciary rule was introduced today, which significantly expands ERISA’s definition of fiduciary advice. The rule is applicable to retirement plans and the IRAs of most Americans.
The intent of the rule is to expand those subject to fiduciary rules, and to require those providing advice to serve in the best interest of the client. The fiduciary rule will apply to any person who makes an investment recommendation to a plan, a participant, or an IRA holder. Hefren-Tillotson has been acting in our clients’ best interest since the company’s founding in 1948, providing objective and knowledgeable advice. A strong understanding of the needs of each client has been an essential factor in our pursuit of the firms mission: To Become and Remain our Clients’ Most Trusted Advisor. We seek to build trusted and lasting relationships with our clients, providing personalized guidance as life situations and goals change.
Retaining investor choice in their financial relationships, with careful evaluation of long term costs and results, is important. We support prudent efforts to promote the well-being of investors and the achievement of their personal life goals.
DISCLAIMER: Past performance does not predict future results. This report is based on data obtained from sources we believe to be reliable. Hefren-Tillotson does not, nor any other party, guarantee the accuracy or completeness of this report or make any warranties regarding results obtained from its usage. All opinions and estimates included in this report constitute the firms judgment as of the date of this report and are subject to change without notice. This report is for informational purposes only and is not intended as an offer or solicitation to buy or sell the securities herein mentioned.