The DOL has weighed in on what constitutes “investment advice” for decades—and has faced strong opposition from many in the industry. After the last regulatory attempt was struck down by a federal appeals court, the DOL recently released a proposed prohibited transaction class exemption. Among other matters, it addresses when a recommendation by a financial advisor to roll over plan assets rises to the level of investment advice. Read more about the guidance in our recent article.
Vanguard Retirement Plan Access™ Quarterly
