Thanks to the new rules from the Department of Labor, anyone offering retirement advice now has fiduciary responsibilities to the client. This may sound clear and straightforward but the details of how to implement this rule are far from simple, according to Kevin Robertson, senior vice president, director of sales at HSA Bank.
“Bottom line, they have attempted to protect investors and what constitutes investment advice and what type of playbook advisers can utilize,” Robertson said last week at EBA’s Workplace Benefits Summit.
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