Impact of the Department of Labor’s Fiduciary Rule

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Alpine Trust & Investment Group

The Department of Labor’s Fiduciary Rule transition period has begun. This means that starting now all investment advisors, whether they are brokers, investment firms or a bank like us, will be deemed a fiduciary when giving investment advice to retirement planning customers.    A fiduciary in an advisory role owes their client an obligation of good faith and trust.  The fiduciary advisor is bound ethically to act in the best interest of their client.

You may be wondering how the Fiduciary Rule will affect you and your account at Alpine Trust & Investment Group. We are and always have been a fiduciary.  We have always worked for the best interest of our clients.  Although the Fiduciary Rule only applies to retirement accounts, here at Alpine Trust & Investment Group, we work in all of our clients’ best interests, whether they have an IRA, retirement plan, trust, or an investment account with us. Therefore, the Fiduciary Rule will have a very minimal impact, only affecting disclosure procedures.

If you have any questions or concerns on the Fiduciary Rule and how it may affect your account, please contact your Alpine Trust & Investment Group advisor who will be happy to Nicole Fasano J.D., CFTAdiscuss the rule with you. 

Nicole Fasano, J.D., CFTA, is a Vice President, Wealth Advisor & Trust Officer at Alpine Trust & Investment Group. 

Investment and insurance products are: not FDIC insured; not guaranteed; and, may be subject to investment risk, including possible loss of principal.