IA Watch Weekly Briefing Features Remarks By Investment Management Counsel

Education, sales and marketing are likely to be the biggest changes if the Department of Labor’s (DOL) fiduciary rule proposals are finalized, stated investment management counsel David Tittsworth (Washington, D.C.) in the Nov. 30 issue of IA Watch Weekly Briefing. As House lawmakers and the DOL continue to grapple over fiduciary reform, Mr. Tittsworth’s views were featured in an IA Watch article that asked observers for examples of how exactly the industry would change if the proposals were finalized. An example of this, Mr. Tittsworth outlined, would be how call centers owned by firms may find out that even generic advice related to rollovers would cross the fiduciary duty line. However, Mr. Tittsworth also noted that “there will be changes” to the proposal before any final rules are released.