Victory for Retirement Savers!
As a member of the Save Our Retirement coalition, Rebalance has been a strong supporter of U.S. DOL “Fiduciary” rule, with Managing Director Scott Puritz testifying before the U.S. Senate in favor of the proposed regulations.
U.S. Dept. of Labor forces brokers to disclose hidden fees
In a historic pro-consumer move, the U.S. Dept. of Labor today approved a landmark federal rule requiring those who advise retirement investors to disclose hidden fees and act in the best interests of their clients. This measure is expected to save hard-working Americans billions of dollars while driving much needed reforms of the stock brokerage, mutual fund and insurance industries.
