The DOL Rule- How Does it Affect Your Relationship With Cornerstone?
The short answer is, it has no impact on our relationship with clients. We have always operated under the guidelines that are now established by the rule for the industry at large.
This rule, established by the Department of Labor (DOL), has been under development since it was first pro-posed in 2010 and delayed many times. Finally, portions of this rule have taken effect as of June 9, 2017, but the enforcement mechanisms will not go into effect until January 1, 2018, if it doesn’t get delayed again!
This rule is intended to expand the definition of ‘fiduciary’ under the Employee…Read More>>>