When a hard-won historic milestone is achieved, it’s usually front-page news: The repatriation of the Canadian Constitution, Our 2010 Winter Olympics Gold Medal in Hockey. April 6th’s fiduciary ruling by the U.S. Department of Labor (DOL).
About that last one. If you saw the news, you probably found it buried in a newsfeed. With the ruling, at least in principal, anyone offering advice about U.S. retirement assets will be legally required to do so according to the investor’s highest interests, regardless of any conflicting incentives or dual roles they may have.