Dealing with Retirement Plan and IRA Investors under the DOL Fiduciary Rule: Practical Tips for Private Fund Managers

The new broader Department of Labor fiduciary rule took effect on June 9, 2017.  While the fate of the rule over the longer term remains uncertain, the basic thrust of the rule is now in effect for anyone who interacts with retirement investors.  Our discussion will focus on how the fiduciary rule impacts private funds and how fund managers can navigate the fiduciary rule in their communications with existing and potential retirement plan and IRA investors.  Topics to be discussed include:

• Overview of the fiduciary rule and its impact on private funds
• Communications with sophisticated retirement investors (e.g., large pension plans)
• Communications with retail retirement investors (e.g., IRAs)
• Documentation updates
• Future of the fiduciary rule