Take action today. Call our experts at: phone icon1-800-522-5221

AAFMAA Blog

Fiduciary Investment Guidance

2017-06-21

Written by Tom LeClaire, CFP®, AWM&T Relationship Manager, Tampa, FL

You’ve probably noticed in the news that financial advisors offering retirement products and services are required to put their clients’ interests first as of 9 June 2017. This new regulation, known as the Department of Labor (DOL) Fiduciary Rule, won’t be enforced until 1 January 2018. To comply with the rule, brokers must transition their retirement products and services to the DOL fiduciary standard from the suitability standard required by Financial Industry Regulatory Authority (FINRA) Rule 2111, which allows them to offer their clients solutions that may not necessarily be in their best interests.

If you read the source material behind the hyperlinks above, you’ll discover that this is a very complicated issue.

Instead of questioning the motives behind the recommendations your retirement advisor is making, look to AAFMAA Wealth Management and Trust (AWM&T) for your financial solutions. We serve as your fiduciary for all of your financial planning, investment management, and trust needs – not just your retirement accounts. As a regulated trust company, we have always provided fiduciary services.

Investing has changed. Market indexing, complex products, and the challenges of the U.S. economy may make you question the real risk of market timing or passive strategies. AWM&T helps clients navigate the uncertainty of the global economy and utilizes an engaged and active approach to your investment strategy.

If you’d like to quantify your true risk tolerance and identify a target portfolio return customized to you, please call 1-800-927-5127 to discuss the details with our wealth management team or visit wealth.aafmaa.com.