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Fiduciary Rule Effects on Investment Advisers Providing Distribution and Rollover Education
FredReish.com Link to more items from this source
Mar. 29, 2016

"In order to make a prudent recommendation, the adviser needs to investigate the relevant factors that a knowledgeable person would want to know to make that decision.... That requires quite a bit of investigation and analysis, but does not prohibit a recommendation....[U]ntil the final BIC exemption is issued, it isn't clear how advisers will be able to avoid prohibited transactions if they make distribution recommendations. However, if an adviser provides non-biased and good quality distribution education, that's not considered a recommendation. As a result, the prohibited transaction rules don't apply."

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