We view the Department of Labor Fiduciary Rule as a positive step for the industry and great news for investors. We support it wholeheartedly. Hear from our leaders and financial advisors what it means for you. Transcript of video (PDF)
Understanding the fiduciary ruling
Earlier this year, the Department of Labor introduced a new rule that holds all financial advisors to a fiduciary standard when they provide investment advice to clients regarding their retirement accounts. The ruling will require that when advisors provide investment advice regarding these accounts, it must not be compromised by that advisor's personal financial interests.
This is good news. And we support this new ruling wholeheartedly. In fact, we were first among our peers to do so. Retirement is a special time with a lot of thought and planning behind it. That's why we do everything we can to help our clients reach their goals.
A commitment to investing in you
For years, we've been making significant investments that align with the spirit of the rule. When you work with an advisor, you benefit from an investment advisory program that delivers an investment strategy designed to meet your specific needs.
So when you sit at the table with a Merrill Edge Financial Solutions Advisor™ or invest with us online, you can be sure that you're getting guidance designed to help you achieve your goals. And you also get the unique benefit of the insights of Merrill Lynch.
The choices you deserve
Before the rule is implemented on April 10, 2017, we will be introducing new, simplified investment choices.
You'll have the opportunity to meet with an advisor and agree to a fair, transparent fee before we begin working with you. This fee is not contingent upon any recommendations, and we will not collect commissions for any of these accounts. It is a simple, straightforward way to work.
Coming in 2017, you'll also have access to new services like Merrill Edge Guided Investing1, 2 — an online investment advisory program that combines the best of online investing with a professionally managed portfolio by Merrill Lynch.
We believe we are honoring the spirit of the new rules — not looking for ways to get around them. And, as always, we will put your interest first to help you achieve what matters most to you.