Even as a controversial fiduciary proposal is in the final stages of the regulatory process, many advisors aren't bothering to reassess their compliance framework or lay the groundwork for the changes they will have to make in their practices when the Department of Labor's rule becomes the law of the land.

That's the assessment of Jason Roberts, CEO of the Pension Resource Institute and a partner at the Retirement Law Group, who urges advisors to begin assessing how their work with retirement plans and clients will be affected by the DoL's rule, which would impose new fiduciary responsibilities on brokers and advisors working in that space.

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