2016 Money Management Institute Annual Convention

Dan Kleinman of Morgan Lewis spoke on the panel “DOL Fiduciary Fule Roundtables: Moving to Implementation” and provided an overview of the final rule and its specific impact on advisory solutions.

Topics included:

• Significant changes in the final rule
• Its definition of fiduciary
• The best interest contract exemption
• The impact on model manager arrangements
• The implications for selling managed account programs and mutual funds.