Labor Secretary Acosta recently confirmed that the Department of Labor (DOL) Fiduciary Rule will become applicable on June 9, declining an additional extension to the previously issued delay. The Fiduciary Rule requires that advisors and financial institutions offering investment advice on retirement accounts adhere to a new, government-defined standard with respect to those accounts. While many aspects of the rule will take effect on June 9, the DOL will continue its review of the regulation until the final implementation date, currently scheduled for January 1, 2018.
It is important to note that while the rule might change some aspects of how we work together, we will continue to put your needs first, and we remain committed to supporting your financial future through sound, tailored advice. As always, our focus remains on selecting investments that we believe will give you the best chance of meeting your goals and strengthening your long-term financial plan.
We have been monitoring policy updates closely and are committed to complying with the rule while preserving as much flexibility as possible for your investment selection. We’ll let you know if and when you need to take action and will guide you through any changes.
Should you have any questions about your financial plan or the recent DOL changes, please feel free to call me. I look forward to speaking with you.
Sincerely,
Tyler Daly
Financial Advisor
Raymond James Financial Services, Inc.
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©2016 Raymond James Financial Services, Inc., member FINRA/SIPC. Securities offered through Raymond James Financial Services, Inc., member FINRA/SIPC, and are not insured by any financial institution insurance, the FDIC/NCUA or any other government agency, are not deposits or obligations of the financial institution, are not guaranteed by the financial institution, and are subject to risks, including the possible loss of principal. Raymond James is not affiliated with the financial institution or the investment center.
Tyler has been in the financial services industry since 2004 and with Sandstone Wealth Management and Heartland Bank since 2009. He is Series 7, 66 and Insurance licensed to assist his clients with all their investing, financial planning, and insurance needs. Tyler was recently named to the Forbes List of America's Top Next-Generation Wealth Advisor, which recognizes advisors from national, regional, and independent firms. Tyler graduated from the University of Nebraska-Lincoln with a Bachelor’s Degree in Diversified Agriculture and was born and raised in the Nebraska Sandhills. This gives him an intimate knowledge and understanding of his farming and ranching clients. Tyler is married to Rachel, who earned her Doctorate of Pharmacy from the University of Nebraska. They have two children, Camilla and Cooper. Away from business, he enjoys officiating high school basketball in the winter as well as golfing and team roping in the summer.
