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The latest iteration of the fiduciary rule is out and making waves. What the Retirement Security Rule is, what it says, and what it does dominate industry discussion, so American Retirement Association CEO Brian Graff went directly to the source, speaking with EBSA COO Tim Hauser about its intent and implications.
The two fiduciary ‘veterans’ sit down for a (very) comprehensive discussion of the primary reasons EBSA thought it necessary to update the regulatory definition of investment advice and its goals and objectives.
In the following clip, they discuss uniformity across all retirement products with consideration to the advisor and firm fiduciary status and how more financial professionals will be subject to the rule.
