Groom’s summary of the final fiduciary rule released by the Department of Labor (“DOL”), which broke down the four components of the 2024 package, was cited in the Think Adviser article, “Final DOL Agent Fiduciary Exemption Covers More Comp Types.”
The article recapped the portion of Groom’s publication that noted that, “like the draft of the PTE 84-24 update, the final version narrows the range of people able to use the exemption.”
Think Adviser also cited the portion of the publication that stated, “…But the removal of the proposal’s limitations on covered compensation would appear, at least initially, to make the final version far more viable than had been proposed.”
To read the article, click here.
