By Rich Mangiameli
The federal government should be applying a scalpel rather than a sledgehammer!
It is very important for todays’ advisor to understand that the administration has recently instructed the Department of Labor to establish a fiduciary standard for financial & insurance professionals advising clients about their retirement accounts, including their options for rolling over their 401k funds into IRAs.
One simple way to help fight this new regulation is to join NAIFA, your largest insurance lobbyist. NAIFA has fought and will continue the fight for your insurance and financial business.