Fiduciary Rule

Question to ask your retirement advisor:  

 

“Are you a fiduciary?”

[This notice and similar content has been published in local periodicals, including The Gazette, River Journal and The Patch]

 

Did you know upcoming regulations require

advisors of retirement accounts to be fiduciaries?

 

The Department of Labor (DOL) Conflict of Interest rule states that all advisors who manage individual retirement accounts are now required to be fiduciaries, meaning they must act in the best interest of their clients when providing retirement savings and investment advice beginning June 2017 (implementation of the remainder, or phase 2, is expected by July 1, 2019). 

 

We’ve made a career out of

helping you plan for retirement.

At Unified Retirement Planning Group, our specialty is to help make sure your retirement plan provides you with the kind of lifestyle you want. We are fiduciaries, ready to help keep your retirement goals within reach. Let us help you revise an existing plan—or create a new one— to help you feel comfortable about dreaming about your future.

 

Contact us today for a complimentary retirement plan review.

 

Peter J. Gallagher, ChFC®, CLU®, CASL®, AIF®

A Fiduciary in Your Area”

  

 


To learn more about the benefits of AIF®, click here AIF® - A Matter of Trust 

 

 

 

 

Five Questions You Should Ask Any Advisor

[Excerpt from AIF® - A Matter of Trust ]

 

Some advisors always operate in a fiduciary capacity, others only act as a fiduciary for certain special services, and yet others are not permitted by their company to take on the obligations of a fiduciary at any time.  In order to better understand the standard of care your advisor is providing you, ask the following questions:

1. Will you put my best interests above all others?

2. Will you act with prudence; that is, with the skill, care, diligence and good judgment of a professional?

3. Will you provide conspicuous, full and fair disclosure of all important facts?

4. Will you avoid conflicts of interest whenever possible?

5. Will you fully disclose and fairly manage, in my favor, unavoidable conflicts?

An advisor should be able to provide clear and concise answers to all of these questions and be willing to disclose that information in writing.  In addition, any AIF Designee should be able to describe how their relationship with you will operate and list the resources and tools that are incorporated into their business practices.