In a letter to the Department of Labor (DOL), CFA wrote in strong support for a proposed rule that would provide comprehensive protections for investors who turn to investment professionals for retirement investment advice. The Department’s proposal would ensure that all investment professionals provide advice that is in retirement investors’ best interest and that any conflicts of interest do not taint their advice.

The proposal would honor retirement investors’ legitimate expectations when receiving advice from investment professionals who hold themselves out and function as trusted advice providers, providing retirement investors with the strong protections they need.