AimPoint Pension
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Regional Vice President of Sales The Retirement Plan Company
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Bates & Company, Inc.
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Loan & Distribution Specialist AimPoint Pension
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Compass
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Compliance Technology Solutions Under the DOL Fiduciary Rule
Michael Kitces in Nerd's Eye View July 25, 2016
"The financial services industry has not adopted a standardized advice process for advisors to consistently adhere to, in order to demonstrate their fiduciary duty of care and due diligence. Nor is there any clear agreed-upon framework to determine when a particular recommendation is 'best' or not, based on a specific set of client goals and circumstances.... [T]he DOL fiduciary rule may actually spawn the next generation of 'robo-advice' software, designed not directly for consumers, but as a compliance-driven solution to ensure that all advisors in the organization are giving the same consistent advice[.]"
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