A New DOL Rule Is Here To Benefit Individuals With A Retirement Account

April 12, 2016

A new Department of Labor (DOL) rule could shake things up in the financial services industry. Some estimates predict a savings of over $40 billion by individual investors. The new rule is simple: retirement advisors must work in the best interest of the client and disclose any conflict of interests. Currently there are two standards that investment advisors must adhere to:

1. The Suitability Standard—only requires the investment product meets the need of the client.

2. The Fiduciary Standard—requires the investment product not only meets the need of the client, but is also in the best interest of the client.

Under the new DOL rule, most investment professionals giving actionable investment advice would now be held to the fiduciary standard. It will help eliminate any conflict of interest that arises from high-fee investment products.

Fortunately, at TCG our business model has always revolved around putting our clients first. We believe that it’s important to recommend the best performing, lowest fee investment possible to meet the client’s goals.

Read the full story here.

Related Posts

0 Comments

0 Comments

Submit a Comment

Your email address will not be published.

DISCLOSURES
Total Compensation Group Investment Advisory Services LP (“TCG Advisors, LP”) is a registered investment advisor regulated by the U.S. Securities and Exchange Commission (SEC) subject to the Rules and Regulations of the Investment Advisor Act of 1940, and is a part of TCG Group Holdings, LLP. Registration with the U.S. Securities and Exchange Commission does not imply a certain level of skill or training. We are located in Austin, Texas. A copy of our Form ADV Part 2 is available upon request.

This website is not authorized for use as an offer of sale or a solicitation of an offer to purchase investments. This website is for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation for any security, or as an offer to provide advisory or other services in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction.

Past performance may not be indicative of any future results. No current or prospective client should assume that the future performance of any investment or investment strategy referenced directly or indirectly in this brochure will perform in the same manner in the future. Different types of investments and investment strategies involve varying degrees of risk—all investing involves risk—and may experience positive or negative growth. Nothing in this brochure should be construed as guaranteeing any investment performance.

This website may contain forward-looking statements and projections that are based on our current beliefs and assumptions on information currently available that we believe to be reasonable; however, such statements necessarily involve risks, uncertainties, and assumptions, and prospective investors may not put undue reliance on any of these statements.