On April 6, 2016 the Department of Labor (DOL) finalized a ruling addressing conflicts of interest they felt were evident in financial advisers’ retirement advice. This rule is more commonly known as the “DOL Fiduciary Rule”. We recognize the rule was finalized a few months ago, but we keep running into people who don’t quite understand the rule and its impact. So, in this month’s blog we are going to examine what the DOL rule truly means, and our opinion on the perceived impact to the financial industry.
At a moment’s notice we can jump on the internet, an app, or turn on the TV and see how the U.S. markets are performing. Is the S&P 500 up today? How is the Dow doing? These and other indices have become synonymous with the “U.S. markets”. However, what is rarely understood is the composition, selection criteria, removal criteria, and the individuals managing these indices. So, we decided to shed some light on the construction of the “U.S. markets”.