New Fiduciary Rule

April 4, 2016

     This Wednesday, April 6, the Department of Labor will announce a new rule to drastically change the financial services industry. Changes include:

  • Requiring all financial advisors and wealth managers to operate on a fiduciary standard – placing their clients' best financial interest ahead of theirs1
  • Requiring advisors to be more transparent about their fees2


     Since 2007 we have worked to proactively modify our financial planning service model to be ahead of these comprehensive changes at The Bishoff Financial group:

  • We follow the practices of The Certified Financial Planner Board of Standards, Inc., which hinge on following the fiduciary standard. Click here for more information. 
  • We have traveled to Washington D.C. to spend time with Department of Labor officials and to work with advocacy groups to round out their understanding of this rule.

     Please reach out to us if you have any questions – we are here for you.

Best Regards,

Wm Eric Bishoff CFP®
President & CEO

1 Financial Planning
2 The US Department of Labor