DOL Rule Raises Specter of Negligence Claims, @BarronsOnline features @HDelux.

The DOL’s fiduciary rule opens up advisors to the possibility of more negligence claims. “There’s no magic formula to avoid litigation, but to better protect themselves, advisors should seek to follow the rule’s mandate by acting in their clients’ best interests at all times”, said Brian Hamburger, president and CEO of MarketCounsel, a business and regulatory consulting firm for investment advisors. He adds advisors need to ensure that clients are engaged in the investment planning process and have a good grasp of the financial products being recommended, and why these products are an appropriate choice. Taking these protective steps will better position advisors against the heightened threat of negligence claims.

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DOL Rule Raises Specter of Negligence Claims, @BarronsOnline features @HDelux.

The DOL’s fiduciary rule opens up advisors to the possibility of more negligence claims. “There’s no magic formula to avoid litigation, but to better protect themselves, advisors should seek to follow the rule’s mandate by acting in their clients’ best interests at all times”, said Brian Hamburger, president and CEO of MarketCounsel, a business and regulatory consulting firm for investment advisors. He adds advisors need to ensure that clients are engaged in the investment planning process and have a good grasp of the financial products being recommended, and why these products are an appropriate choice. Taking these protective steps will better position advisors against the heightened threat of negligence claims.

Read more.

Comments are closed.

DOL Rule Raises Specter of Negligence Claims, @BarronsOnline features @HDelux.

The DOL’s fiduciary rule opens up advisors to the possibility of more negligence claims. “There’s no magic formula to avoid litigation, but to better protect themselves, advisors should seek to follow the rule’s mandate by acting in their clients’ best interests at all times”, said Brian Hamburger, president and CEO of MarketCounsel, a business and regulatory consulting firm for investment advisors. He adds advisors need to ensure that clients are engaged in the investment planning process and have a good grasp of the financial products being recommended, and why these products are an appropriate choice. Taking these protective steps will better position advisors against the heightened threat of negligence claims.

Read more.

Comments are closed.

DOL Rule Raises Specter of Negligence Claims, @BarronsOnline features @HDelux.

The DOL’s fiduciary rule opens up advisors to the possibility of more negligence claims. “There’s no magic formula to avoid litigation, but to better protect themselves, advisors should seek to follow the rule’s mandate by acting in their clients’ best interests at all times”, said Brian Hamburger, president and CEO of MarketCounsel, a business and regulatory consulting firm for investment advisors. He adds advisors need to ensure that clients are engaged in the investment planning process and have a good grasp of the financial products being recommended, and why these products are an appropriate choice. Taking these protective steps will better position advisors against the heightened threat of negligence claims.

Read more.

Comments are closed.

DOL Rule Raises Specter of Negligence Claims, @BarronsOnline features @HDelux.

The DOL’s fiduciary rule opens up advisors to the possibility of more negligence claims. “There’s no magic formula to avoid litigation, but to better protect themselves, advisors should seek to follow the rule’s mandate by acting in their clients’ best interests at all times”, said Brian Hamburger, president and CEO of MarketCounsel, a business and regulatory consulting firm for investment advisors. He adds advisors need to ensure that clients are engaged in the investment planning process and have a good grasp of the financial products being recommended, and why these products are an appropriate choice. Taking these protective steps will better position advisors against the heightened threat of negligence claims.

Read more.

Comments are closed.