The DOL’s 408(B)(2) Regulation: Impact on Registered Investment Advisers (RIAs)
This is one of a series of bulletins about the impact on covered service providers of the Department of Labor’s (DOL) “interim final” regulation under ERISA Section 408(b)(2). This Bulletin focuses on the impact of the regulation on independent registered investment advisers (RIAs) that provide nondiscretionary advisory services (as opposed to discretionary investment management services) to plan fiduciaries. (By “independent,” we mean an RIA that is not affiliated with a broker-dealer, mutual fund management complex, recordkeeper or other entity that provides services to plans or receives compensation from plans.)
The material contained in this communication is informational, general in nature and does not constitute legal advice. The material contained in this communication should not be relied upon or used without consulting a lawyer to consider your specific circumstances. This communication was published on the date specified and may not include any changes in the topics, laws, rules or regulations covered. Receipt of this communication does not establish an attorney-client relationship. In some jurisdictions, this communication may be considered attorney advertising.
Meet the Authors
