The U.S. Department of Labor’s new fiduciary rule promises a more transparent financial planning environment. Advisors to retirement plans, plan fiduciaries, or individual retirement investors, however, may need to learn some new moves.
Retirement plan sponsors have many fiduciary responsibilities to their plan and participants. Financial professionals can provide coaching in many areas, including investment selection, plan administration, and fiduciary compliance.
A few years ago when Vanguard took a look at the small business retirement plan marketplace, it was clear that these plans were being underserved and over charged. We felt we could make a difference, Vanguard’s Crystal Hardie Langston says.