Fiduciary duty

Department of Labor Issues Historic Fiduciary Rule

This is the official seal of the US Department of Labor.

Woodstock, along with 3,000 others, provided the DOL with comments when the DOL proposed the rule in April of last year.  The bulk of the Fiduciary Rule takes effect on April 10, 2017.  Today, without the rule, financial professionals are able to put their own interests ahead of their customers’ interests when providing advice that customers need to make critical retirement investment decisions.  The ability of advisors to avoid fiduciary responsibility has been shown to harm consumers. 


Fiduciary standards needed for all investment and retirement advice and small business lending

Written by Dory Rand on September 9, 2015 - 5:46pm

While the impact of biased investment advice in the college savings arena is very troubling, the impact of biased investment advice is even more concerning in the area of retirement savings. The lack of a fiduciary standard for retirement investment advisors costs consumers $17 billion a year in unnecessary fees to manage 401(k) and other retirement funds such as Individual Retirement Accounts (IRAs). The Obama Administration and U.S.

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