afhe is an independent, non-profit association of attorneys and other professionals who provide multi-disciplinary legal counsel and advice to publicly and privately-held enterprises, their owner-managers, and family members. Become a member!

afhe Means Family Business!

DOL LEVELS PLAYING FIELD FOR ADVISORS; NEW FIDUCIARY DUTY IMPOSED ON BROKERS

On Wednesday, April 6, the Department of Labor released the final version of its highly anticipated “fiduciary rule.” The final rule is the culmination of six years of study, commentary and revisions after the rule was initially proposed in October of 2010 (later withdrawn) and released again on April 20, 2015. The essence of the rule—to subject more advisers of employee benefit plan participants to the fiduciary standards of ERISA—remains unchanged from the 2015 proposal, but the Department of Labor made several key concessions to ease the burden on advisers.

More information is located HERE (PDF)

Attorneys for Family-Held Enterprises

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afhe Headquarters

2800 W. Higgins Rd. Suite 440
Hoffman Estates, IL 60169

877.408.5357  Toll Free
847.885. 8393  Fax