Fiduciary training and designation giant fi360 is launching Fiduciary Essentials for Advisors (FEA), a new program to assist 401(k) advisors in their understanding of the Department of Labor’s (DOL) fiduciary rule.
FEA is a “self-paced” online program that focuses on the fiduciary roles and responsibilities of advisors that manage qualified plans and IRAs.
Divided into five modules that cover a range of fiduciary-related themes, “advisors will come away from the FEA training with a better understanding of the obligations under today’s regulatory environment, the DOL’s Conflict of Interest Rule and how to adopt fi360’s fiduciary best practices.”
In terms of application, the firm says participants will be taught how to make investment decisions that are in the best interest of clients, as well as receive training on retirement plans and services.
“We’ve been developing fiduciary practices and training advisors since 1999,” John Faustino, Chief Product and Strategy Officer at fi360, said in a statement. “Finalization of the DOL fiduciary rule has created unprecedented demand for our services, and we’re thrilled to offer firms our Fiduciary Essentials for Advisors program.
“Our development of this content began well before the DOL rule passed earlier this year,” he added. “Our long-standing focus on fiduciary training and anticipation of this day helped us bring a well-vetted solution to market at a critical time of client need.”
With more than 20 years serving financial markets, John Sullivan is the former editor-in-chief of Investment Advisor magazine and retirement editor of ThinkAdvisor.com. Sullivan is also the former editor of Boomer Market Advisor and Bank Advisor magazines, and has a background in the insurance and investment industries in addition to his journalism roots.
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