Ep #44: What the DOL Fiduciary Rule Means for You with Michael Kitces

April 20, 2016

The Department of Labor, or DOL, recently passed a new fiduciary rule that has big implications for the financial planning industry. But many advisors don't understand how the fiduciary rule directly impacts them.

Today, we have Michael Kitces on the show as a guest to pick his brain about recent changes in our industry.

In addition to talking about the ruling, we spend some time talking through the history of the origins of broker-dealers and RIAs and why rules need to be created and enforced. We get Michael's take on the future of these institutions, too.

Even if you feel fairly well up to speed with the new DOL fiduciary rule, Michael brings an incredible about of insight and information to us. You're guaranteed to learn something new. (And if you don't? Be sure to read the 7,400 word blog post Michael wrote on Nerd's Eye View!)

Don't miss this episode. It's a must for anyone who wants to have real knowledge about what's truly going on in the financial planning industry.



Listen to the Full Interview:


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What You'll Learn from This Episode:

  • The history and origin of broker-dealers.
  • The difference between the suitability standard and upholding a fiduciary oath.
  • What may provoke the SEC to start taking action.
  • How to determine what is reasonable compensation.
  • Michael’s predictions for the future of broker-dealers.

Featured on the Show:

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