DOL Fiduciary Rule and Your Duty of Care
Overall Rating: 4.9 / 5
The Department of Labor’s Fiduciary Rule is here and it is transforming the marketplace for advice.
While managing conflicts of interest (fiduciary duty of loyalty) is the central focus of the Rule, the keys to compliance and advisor success are having policies, procedures, and practices in place to fulfil the fiduciary duty of care.
The main provisions of the Rule took effect on June 9, 2017. Essentially, all professionals who provide individualized investment advice on assets in ERISA retirement plans and IRAs are now accountable as fiduciaries.
Importantly, the DOL requires advisors to implement Impartial Conduct Standards (ICS) to manage conflicts of interest. But the ICS approach does more than address conflicts, it requires procedural prudence to demonstrate conformity to the duty of care, an obligation that exists for all fiduciary advisors whether they have compensation conflicts or not.
This webinar will provide an overview of the structure, current status, and future outlook for the DOL Fiduciary Rule and focus upon what advisors must do to adhere to the fundamental duty of care generally and the ICS requirements specifically.
In "DOL Fiduciary Rule and Your Duty of Care" by Blaine Aikin, you will
- Gain a better understanding of the purpose, structure, and current requirements of the DOL Fiduciary Rule;
- Discover how the duties of loyalty and care relate to one another and to other fiduciary duties;
- Learn about methods of adhering to the fiduciary duty of care, with specific understanding of Rule’s required Impartial Conduct Standards;
- Acquire specific insights about best practices retirement advisors should implement to meet fiduciary obligations and serve the best of interests of clients efficiently and effectively.
This on-demand webinar is a recording of a recent live webinar. Check our WEEKLY REBROADCAST SCHEDULE where there is no need to take the online quiz to receive CE. You may also take this on-demand course any time for 1 hr CFP®, CRC®, and other Continuing Education Credit when you pass the online quiz.
Your presenter is Blaine Aikin, AIFA®, CFA, CFP®, Executive Chairman of Fi360, Inc. and serves as the current Chair of the Board of Directors of the CFP Board of Standards.
Meet Blaine Aikin, AIFA®, CFA, CFP®, Fiduciary Responsibility Expert
Retirement planning experience
Blaine Aikin, AIFA®, CFA, CFP® is the Chief Executive Officer of fi360. Fi360 is a national and international leader in the field of investment fiduciary responsibility, providing training, Web-based analytical tools, and resources for those who manage money on behalf of others.
He earned the Certified Financial Planner (CFP) and Chartered Financial Analyst (CFA) designations and served as a principal and Chief Investment Officer of Allegiance Financial Advisors. After providing contract training and consulting services for PNC Financial Services Group, Blaine became a Senior Vice President and Director of Product Development and Management for PNC Advisors.
Blaine is the author of numerous articles on the subjects of fiduciary responsibility and investment management, and the author of the monthly Fiduciary Corner column in InvestmentNews magazine.
Retirement planning thought leadership and expertise
Blaine’s specialties include fiduciary responsibility, investment management, financial planning, public policy and management. His goal as Executive Chairman of fi360 is to assure that fi360 provides exceptional professional development programs, investment and business management tools, and business and industry thought leadership to improve the decision making of those who manage money on behalf of others. fi360 seeks to promote a culture of fiduciary responsibility to align the interests of investors and investment professionals.
For several years, Blaine served as an adjunct faculty member of the College for Financial Planning; providing instruction in investment planning and other subjects leading to the Certified Financial Planner designation. Blaine received a Masters in Public Policy and Management from The Heinz School, Carnegie-Mellon University, and holds Accredited Investment Fiduciary Analyst (AIFA), Chartered Financial Analyst (CFA), and Certified Financial Planner (CFP) certifications.
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1 hr CFP®, CRC®, and other CE Credit Reporting
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Over 50 courses are accepted for continuing education (CE) credit for those who have earned the Certified Financial Planner® (CFP®) certification, the International Foundation for Retirement Education’s (InFRE) Certified Retirement Counselor® (CRC®) certification, the College for Financial Planning’s Chartered Retirement Plan Consultant (CRPC) certification, the American College’s designations (ChFC, CLU, RICP), Retirement Management Analyst designation (RMA), ASPPA and other certification or designations.
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