It was no secret the new administration wanted to shake things up. There was talk, even before Inauguration Day, that the Department of Labor’s new fiduciary rule would be “watered-down”, or more likely just killed. However, now there’s talk that Dodd-Frank will be repealed as well. While this is concerning for the individual investor, it makes educating clients even MORE important for fiduciaries.
Here’s what I’ve been reading this morning: