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Some of you may remember a recent blog we put out on November 11th entitled, "How Will the Election Results Affect the DOL Fiduciary Rule?" in which we asked our resident expert, Chief Compliance Officer, Barry Champney for his initial insights. Now that the dust has settled a bit, we thought it would be interesting to check in with our key Compliance Consultant of many years, Lisa Roth, of Monahan & Roth, LLC.

(photo courtesy of zazzle.com)

We asked and she answered. Check out Lisa's insights below: 

On November 30, 2016, Vanderbilt Financial Group CEO, Steve Distante was featured in an FA Magazine article written by Dan Jamieson entitled, “DOL Rule Could Force Broker Moves”. In the article, Jamieson explores the varying responses sects of the industries has had to the impending DOL Rule and highlights how Independent Broker Dealers like Vanderbilt are experiencing an influx in Financial Advisors deciding to go Independent.

Justin Lafazan is an acclaimed entrepreneur, speaker, best-selling author and consultant with three companies under his belt at just 20 years old. The Founder of Next Gen Summit and best-selling author of What Wakes You Up?, has been featured in Forbes, USA Today,The Huffington Post, Inc. Magazine and more. Justin is on a mission to inspire the world’s young people to design the lives they want to live, through entrepreneurship.

Illness, injury, and wears and tears of aging put extreme stress on a person’s life physically, emotionally, and financially. When a spouse becomes ill or a parent loses mental capabilities, the two main priorities become healthcare and family time.

What a week! Many things about this week are extraordinary, game changing, and uncertain - so naturally everyone has a lot of new questions to think about. One of the questions our industry has right now, is “How will the election results affect the DOL Fiduciary Rule?” To start attempting to find an answer to this complicated and important question, we turned to our resident expert and Chief Compliance Officer, Barry Champney for some of his initial insights.