The adoption, delaying, and reconsidering of the Department of Labor’s Fiduciary Rule has been a recent hot topic in the financial services industry. Much discussion and controversy has been swirling about whether the Rule would be adopted in its original form, modified in some way, or completely scrapped. As most of you know, CCM is firmly grounded in the fiduciary standard of care. If you missed Greg Carlson’s recent article on this topic, I encourage you to read, “What the Fiduciary Rule ... [Continue Reading]
Articles and resources related to Fiduciary Standard.
Carlson Capital Management operates under the fiduciary standard, which means we provide advice that is in the best interest of our clients. And, as an independent Registered Investment Advisor (RIA), we are not beholden to any third party and have no hidden incentives to recommend one product or solution over another. We often describe this concept using the metaphor that we are in a supermarket--with access to the entire store, and can pick and choose the solutions (products) that best fit ... [Continue Reading]
Many of you have been hearing or reading in the news the discussion on what is referred to as the “Fiduciary Rule.” A version of the Fiduciary Rule was originally proposed in 2010 by the Department of Labor (DOL), then quickly withdrawn amid great protest in the financial industry. Essentially, the concept is and was to overhaul ERISA (Employee Retirement Income Security Act)—originally enacted in 1974 to regulate the quality of financial advice surrounding retirement. In 2015, President Obama ... [Continue Reading]