Overview and About the Fiduciary Rule
This course covers the essentials of the DOL fiduciary rule including an overview of what the rule requires, the effective date and compliance deadlines, and what to do in situations where additional interpretation or guidance is needed.
Exceptions to the Rule
This course clarifies the differences in compliance for small versus large plans, analyzes the exceptions from the DOL rule, and explains the situations in which advisors may provide educational information to clients.
Being a Fiduciary
This course explains what it means to be a fiduciary, the situations that impose fiduciary status, how fiduciary status effects advisor compensation, and how to protect against liability.
Understanding Your Fiduciary Responsibility
This course examines the differences between the suitability standard and new obligations as a fiduciary. It also highlights the differences between being a fiduciary under the DOL rule and under federal securities laws.
This course provides guidance on the rule’s primary exemption, the Best Interest Contract Exemption (the BIC Exemption), including an explanation of the contract, the disclosure requirements, and when and by whom it must be signed.
This course focuses on the BIC Exemption for advisor’s receiving level-fee compensation or other forms of levelized compensation.
Impact on Compensation
This course takes a closer look at what changes the DOL rule makes to compensation including an explanation of reasonable compensation and what types of compensation may be received and under what circumstances.
This course explains how the DOL fiduciary rule impacts the ability to recommend IRA rollovers.
Impact on Current Client Relationships
This course examines the DOL rule’s impact on relationships with current clients including situations in which advisors may continue to advise existing clients and receive trail commissions, the impact on advisory agreements, and the ability of a client to sue.
Proprietary Products and Fixed Rate Annuities
This course focuses on the impact of the DOL rule on recommending proprietary products and the use of the PTE 84-24 Exemption for fixed rate annuities.
This course reviews the key takeaways from each module within this IRI video series including the essential basics of the rule, when fiduciary status is imposed, how to comply with the Best Interest Contract Exemption, the impact of the rule on compensation, the impact on existing client relationships, and were to go for more information on the DOL rule.