FinTrust releases white paper on new Department of Labor Fiduciary Standards
March 30, 2016
FinTrust Investment Advisors has released a white paper on the new Department of Labor (DOL) Fiduciary Standards. The new standards impact all retirement accounts held by investors and address conflicts of interest and fiduciary status, when clients receive advice regarding retirement investments.
These new standards, expected to be published in second quarter 2016, will expand the scope of fiduciary status on all retirement accounts held by investors. This includes individual IRA accounts and employer sponsored plans. The changes may impact how investors pay for advisory services and investment choices. They may also have a major impact on the status of their advisors and how investors receive advice. The DOL plans to clarify the confusion surrounding advice being given to retirement plan committees, plan participants, IRA account holders and investors in general.
FinTrust intends to publish additional white papers with more detailed explanations of the new standards and the impact of these changes on investors, plan sponsors, and the investment advisory community.
About FinTrust Investment Advisors
FinTrust Investment Advisors is a South Carolina based financial services firm specializing in retirement and financial planning, investment management, retirement plan consulting, risk mitigation and capital markets. The FinTrust team of experienced professionals provides solutions to meet both individual and corporate client objectives. A copy of the white paper can be obtained by contacting Chip Hardy at 803-787-4015 or [email protected]. Additional information on the firm can be found at www.FinTrustAdvisors.com.
