A fiduciary standard for the planning industry remains, for now, a mirage: The U.S. Department of Labor said recently that an expected summertime announcement would be deferred until next year. The SEC doesnt seem to have established a timetable.
Yet thousands of advisors have moved to declare their own fiduciary standard. They are holders of the Accredited Investment Fiduciary certification, administered by fi360, a fiduciary training company. AIF training teaches what fiduciary obligations are and how to ensure they are followed. The AIF is a prerequisite for those who want to get an Accredited Investment Fiduciary Analyst certification, which teaches how to do a fiduciary assessment.
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