April 7, 2016
EXPERT SOURCES AVAILABILE
for Comment on US Department of Labor Fiduciary Rule
Background: The new United States Department of Labor (DOL) regulation, Commonly referred to as the DOL Fiduciary Rule, is designed to raise investment advice standards for retirement accounts, and reduce conflicts of interest for financial advisors working with 401(k) and individual retirement accounts.
The Alliance of Comprehensive Planners (ACP) believes in elevating the practice of financial planning as a profession. One important step in making this happen is to reduce potential for conflicts of interest between advisor and client. We believe this can happen by selecting a method of advisor compensation that is not dependent on the outcome of the advisor’s recommendation. ACP has been practicing under this standard for the past 20 years by promoting the benefits of a retainer model. Members, believe that a uniform fiduciary standard is a good first step to making this vision a reality.
The following members of the Alliance of Comprehensive Planners are available to offer insight on DOL’s attempt to Reduce Conflicts of Interest within the financial planner community.
Al Davis, ACP Board President
Contact: Davis Financial Planning, LLC
www.adavisfinancial.com
One Oak Plaza, Suite 105
Asheville, NC 28801
828-398-5050;
al@adavisfinancial.com
Kristen Moosmiller, Chair of ACP PR and Marketing Committee
Availability: 4/7/16, 10 AM to 1 PM and 3 PM EDT or later; Anytime Friday 4/8/16
Contact: Partnership Financial, LLC
http://partnershipfinancial.com
4400 N. High St. Suite 201
Columbus, OH 43214
614-328-9319 ext. 106;
Kristen@partnershipfinancial.com
About ACP
The Alliance of Comprehensive Planners (ACP) is the community of tax-focused financial planners that operate under the retainer model. This not-for-profit organization trains its members in the ACP System™, an extensive program based on the highest ethical standards and most innovative practices in the financial planning industry. As fee-only fiduciary financial planners using the retainer model for compensation, ACP members provide a distinct alternative in the marketplace. To assure that their clients’ financial plans are comprehensive, they consider not only interest-earning, real estate and equity investments, but also the tax consequences that can impact or be impacted by investment and financial strategies. ACP member advisors optimize the use of assets for tax efficiency, growth and security to ensure their clients’ goals are achieved, and maintain their CFP® or CPA/PFS (or equivalent) designation and/or licenses. For more information, visit
www.acplanners.org.