DOL Fiduciary Rule Resource Library

Many believe the Department of Labor Fiduciary Rule will usher in unprecedented change in the financial services industry. This resource library will help you keep up with all the changes and how they affect you. 

Special DOL Message

Watch these exclusive videos to learn more about the impact of the DOL Fiduciary Rule and what you should be doing to prepare.

Bill Kauffman DOL Video

2016 Sales Forum: DOL Fiduciary Rule

Terry Headley DOL Video

The Silver Lining of the DOL Fiduciary Rule

Watch notable clips from the webinar:

What is the Silver Lining?

Are you in compliance?

Important dates for the DOL rule

Official Documents

Presidential Memorandum on Fiduciary Duty Rule 

U.S. Department of Labor to Evaluate Fiduciary Rule

DOL Fiduciary Rule Summary/Fact Sheet — Get an official summary of the 1,000+ pages of new regulations released by the DOL on Apr. 6, 2016. 

DOL FAQs — Get answers to all your questions, like "when do the new regulations take affect?" and "how will this impact compensation?"

Final Rule - Definition of the Term Fiduciary; Conflict of Interest Rule - Retirement Investment Advice 

Class Exemption for Principal Transactions

Best Interest Contract Exemption (BICE) 

Other Amendments and Documents 
 

Industry Coverage of the New Rule

DOL Proposes 60-day Delay to Fiduciary Rule
InvestmentNews — March 1, 2017

DOL Moves to Delay Fiduciary Rule by 60 Days
OnWallStreet — March 1, 2017

Labor Department  Proposes Fiduciary Rule Delay
MarketWatch — March 1, 2017

Fiduciary Rule Still On; Trump Fails to Order Delay
InsuranceNewsNet.com — Feb. 6, 2017

Details Emerge on Trump Order to ‘Review’ Fiduciary Rule
ThinkAdvisor — Feb. 3, 2017

Trump to Order Halt of Fiduciary Rule, Review of Dodd-Frank

Trump to Delay Major New Rule for Financial Advisors
The Washington Times — Feb. 3, 2017

DOL Fiduciary Rule Faces Fresh Annuity Industry Lawsuits
LifeHealthPro — June 12, 2016

Market Synergy Group Files Fifth DOL Lawsuit
InsuranceNewsNet.com — June 10, 2016

DOL Fiduciary Rule Faces Another Suit by Annuity Industry
ThinkAdvisor — June 9, 2016

NAIFA, ACLI File Third Lawsuit Against DOL
InsuranceNewsNet.com — June 9, 2016

DOL Fiduciary Rule Targeted in Second Lawsuit
LifeHealthPro — June 2, 2016

DOL's Perez Vows to Fight Fiduciary Rule Lawsuit
ThinkAdvisor — June 2, 2016

Lawsuit Argues DOL Overstepped With Fiduciary Rule
WealthManagement.com — June 2, 2016

Multiparty Lawsuit Alleges DOL Overstepped Authority With Rule
LifeHealthPro — June 2, 2016

Lawsuit Filed to Overturn DOL Fiduciary Rule
InsuranceNewsNet.com — June 2, 2016

Making the New Fiduciary Rule Clear for Clients
Investopedia — June 1, 2016

DOL 101: The Fiduciary Rule's Impact on Insurance-Only Agents
LifeHealthPro — May 31, 2016

5 Things to Know About Selling Annuities Under the DOL Fiduciary Rule
ThinkAdvisor — May 26, 2016

6 DOL Fiduciary Tasks to Tackle Before First Deadline
LifeHealthPro — May 19, 2016

5 Questions Clients May Ask About the DOL Fiduciary Ruling
LifeHealthPro — May 9, 2016

What Advisors Need to Know About the New Fiduciary Rule, Part 2
Producers Web — April 29, 2016

What Advisors Need to Know About the New Fiduciary Rule
Producers Web — April 22, 2016

Why the DOL Fiduciary Rule Won't Kill Annuities; It Will Make Them Stronger!
Kitces.com — April 21, 2016

Dear Advisors: Keep Selling FIAs Despite DOL Rule
Insurance NewsNet — April 19, 2016

Why Advisors Need to See the DOL Rule Through Their Clients' Eyes
Financial Planning — April 19, 2016

Group: Define Best Interest Before a Judge Does
Insurance NewsNet — April 13, 2016

The Fiduciary Rule Impact on Compensation Explained
Insurance NewsNet April 11, 2016

An Advisor's Guide to DOL Fiduciary and the New Best Interest Contract (BIC) Requiremen
Kitces.com — April 11, 2016

Fiduciary Opponents to DOL: See You in Court? 
Insurance NewsNet — April 8, 2016

10 Changes to the Finalized DOL Fiduciary Rule 
LifeHealthPro.com — April 7, 2016

Fiduciary Focus: The DOL Rule from All Angles
InvestmentNews — April 7, 2016

Final DOL Fiduciary Rule Issued
LifeHealthPro.com — Apr. 6, 2016

Going Under the Hood of the New Fiduciary Rule
InvestmentNews — Apr. 6, 2016

DOL Retirement Rules Put Indexed Annuities in Crosshairs
Financial Advisor — April 6, 2016

Reactions to the Labor Department’s Fiduciary Rule
The Wall Street Journal — April 6, 2016

Fiduciary Rule Expected to Spur Industry Upheaval
Financial Planning — April 6, 2016

Reinventing the Broker-Dealer Business Model to Survive a DOL Fiduciary Future
Kitces.com — Feb. 15, 2016

Definitions

Fiduciary — The final rule treats persons who provide investment advice or recommendations for a fee or other compensation with respect to assets of a plan or IRA as fiduciaries in a wider array of advice relationships.

Covered Investment Advice — Covered investment advice is defined as a recommendation to a plan, plan fiduciary, plan participant and beneficiary and IRA owner for a fee or other compensation, direct or indirect, as to the advisability of buying, holding, selling or exchanging securities or other investment property, including recommendations as to the investment of securities or other property after the securities or other property are rolled over or distributed from a plan or IRA.

Covered investment advice also includes recommendations as to the management of securities or other investment property, including, among other things, recommendations on investment policies or strategies, portfolio composition, selection of other persons to provide investment advice or investment management services, selection of investment account arrangements (e.g., brokerage versus advisory); or recommendations with respect to rollovers, transfers, or distributions from a plan or IRA, including whether, in what amount, in what form, and to what destination such a rollover, transfer, or distribution should be made.

Best Interest Contract Exemption (BICE) — Permits firms to continue to rely on many current compensation and fee practices, as long as they meet specific conditions intended to ensure that financial institutions mitigate conflicts of interest and that they, and their individual advisers, provide investment advice that is in the best interests of their customers. Specifically, in order to align the adviser’s interests with those of the plan or IRA customer, the exemption requires the financial institution to acknowledge fiduciary status for itself and its advisers. The financial institution and advisers must adhere to basic standards of impartial conduct, including giving prudent advice that is in the customer’s best interest, avoiding making misleading statements, and receiving no more than reasonable compensation.

Principal Transactions Exemption (PTE) — Permits investment advice fiduciaries to sell or purchase certain recommended debt securities and other investments out of their own inventories to or from plans and IRAs. As with the Best Interest Contract Exemption, this requires, among other things, that investment advice fiduciaries adhere to certain impartial conduct standards, including obligations to act in the customer’s best interest, avoid misleading statements, and seek to obtain the best execution reasonably available under the circumstances for the transaction.