{"id":11342,"date":"2016-12-01T18:37:05","date_gmt":"2016-12-01T23:37:05","guid":{"rendered":"https:\/\/qa.bluevaultpartners.com\/?post_type=news&p=11342"},"modified":"2016-12-01T18:37:05","modified_gmt":"2016-12-01T23:37:05","slug":"what-phyllis-borzi-has-to-say-about-the-dol-rule-now","status":"publish","type":"post","link":"https:\/\/qa.bluevaultpartners.com\/what-phyllis-borzi-has-to-say-about-the-dol-rule-now\/","title":{"rendered":"What Phyllis Borzi has to say about the DOL rule now"},"content":{"rendered":"

What Phyllis Borzi has to say about the DOL rule now<\/h1>\n
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The architect of the Department of Labor fiduciary regulation claims it is already paying dividends by lowering costs for investors \u2014 and isn’t going away<\/h4>\n<\/div>\n
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Dec 1, 2016 @ 4:05 pm |\u00a0<\/span>By Mark Schoeff Jr.<\/a>\u00a0| Investment News<\/p>\n

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Labor Assistant Secretary Phyllis Borzi said the agency’s investment advice regulation is already reducing fees in the industry and will continue to do so \u2014 no matter what happens to the rule in the Trump administration.<\/p>\n

The regulation, which requires financial advisers to act in the best interests of their clients when providing retirement advice, has led to \u201clow-cost, transparent investments for retirement accounts.\u201d<\/p>\n

\u201cThe industry is moving in that direction,\u201d she said Thursday at a Consumer Federation of America Conference in Washington. \u201cWe’re getting lower fees in these investment options even before the rule is [applicable].\u201d<\/p>\n

She cited announcements by several wirehouses and independent broker-dealers<\/a> over the last few weeks that they will no longer offer commission-based products in retirement accounts, though those statements were made before the election of Mr. Trump.<\/p>\n

Read Full Article Located Here<\/a><\/p>\n

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<\/div>","protected":false},"excerpt":{"rendered":"

What Phyllis Borzi has to say about the DOL rule now The architect of the Department of Labor fiduciary regulation claims it is already paying dividends by lowering costs for … <\/p>\n

Read more<\/a><\/p>\n","protected":false},"author":6,"featured_media":8615,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3010,2744],"tags":[],"class_list":["post-11342","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asset-manager-news","category-topic"],"acf":[],"yoast_head":"\nWhat Phyllis Borzi has to say about the DOL rule now - Blue Vault<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/qa.bluevaultpartners.com\/what-phyllis-borzi-has-to-say-about-the-dol-rule-now\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What Phyllis Borzi has to say about the DOL rule now - 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