Fred Reish Addresses Preamble Language in DOL’s Fiduciary Rule Proposal With ThinkAdvisor

In “New DOL Fiduciary Rule Could Rein In Use of Advisor-Like Titles,” ThinkAdvisor turned to benefits and executive compensation partner Fred Reish for insight on the preamble to the Department of Labor’s (DOL) current fiduciary rule proposal.

According to Reish, the DOL’s “concern is that, while different titles may have meaning in the financial services sector, those titles are indistinguishable to main street investors, and the investors may believe that they can place trust in the recommendations because of the titles.”

The full article is available for ThinkAdvisor subscribers.