ERISA expert Ary Rosenbaum clues us in on why (he believes) this is the best the industry will get.
The video titled “Ary Rosenbaum Law Firm P C” is an interview conducted at the 401k Summit in Las Vegas with Ari Rosenbaum from the Rosenbaum Law Firm. The discussion centers around the Department of Labor’s (DOL) fiduciary rule and its impact on the brokerage industry.
Key points discussed include:
- Ari Rosenbaum believes that the new fiduciary rule, despite delays, is the best deal the brokerage industry could get under the current administration.
- He argues that further delays could result in more restrictive regulations in the future, especially if political power shifts.
- The conversation touches on the uncertainty and delays surrounding the implementation of the fiduciary rule and how this might negatively impact brokers.
- Rosenbaum also briefly mentions that his business with plan sponsors is steady, as they often encounter challenges that require legal expertise.
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