Stephen Barnes was featured in a recent article discussing the rhetoric surrounding a new Department of Labor proposal. The proposed rule change is designed to hold anyone overseeing a retirement plan to a fiduciary standard. BIA is already a fiduciary, meaning that we have a legal responsibility to act in the best interests of our clients. The new proposal from Washington is designed to protect investors from predatory brokers, but the language may be too broad to affect real change.To read Stephen's contribution, click here: Oversimplification of Fiduciary Standards
