The Institute of Business & Finance (IBF) recently awarded Timothy Hayes with the only nationally recognized annuity designation.
What does the new rule mean for you? If you have a 401(k), the advisor fees might come down. If you roll over the 401(k) to an IRA, the fees in the IRA should be identical to what they were in the 401(k). If they are not, then the advisor must pledge to do what is in your best interest.
Tim Hayes of Cambridge Investment Research has been awarded the Accredited Investment Fiduciary* (AIF®) Designation from the Center for Fiduciary Studies (the Center), the standards-setting body for f1-360.