ADISA Reacts to DOL’s Final Rule on Retirement Advice

The final rule from the DOL’s Employee Benefits Security Administration requires financial advisors and other retirement professionals to prioritize clients’ best interests when recommending rollovers to individual retirement accounts and certain annuities. ADISA, the nation’s largest trade association for the alternative and direct investment space, had participated in the rulemaking process through testimony and a comment letter. While ADISA acknowledges that the rule has been amended from the proposed version, it remains to be seen whether the changes will significantly impact how the rule is applied to broker-dealers and ADISA members who recommend alternative investments.

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