Department of Labor’s New Fiduciary Rule A Step in the Right Direction

Bronfman E.L. Rothschild Supports New Standard

Madison, WI / Rockville, MD  April 8, 2016—Bronfman E.L. Rothschild today issued a statement in support of the Department of Labor’s recently released Fiduciary Rule: 

“The Bronfman E.L. Rothschild organization and advisors support the final Department of Labor Fiduciary Rule. We believe these ‘conflict-of-interest’ regulations are a step in the right direction to continue to meet
the needs and earn the trust of the investing public.

“As a firm we have long been advocates for serving clients in a fiduciary capacity and providing advice that puts our clients’ best interest first. While it will take some time to analyze the full scope of the regulations, we are confident we are well positioned to comply with the expanded rules and implement required changes as needed. In addition, we are encouraged that the Department of Labor has made several practical adjustments to address some of the more onerous aspects of the initial proposal.”

“As a Centre for Fiduciary Excellence (CEFEX) Certified Investment Advisor, Bronfman E.L. Rothschild is committed to fiduciary excellence and is confident we are well prepared to continue to be a leader in providing fiduciary advisory services to our clients.”

Bronfman E.L. Rothschild recently received CEFEX’s fiduciary certification. The CEFEX standard describes how an investment advisor assumes responsibility for managing a client’s overall investment management process, which includes the selection, monitoring and replacement of investment managers, as well the development of a process to implement investment strategies and fiduciary practices on an ongoing basis.

Said Neal Simon, CEO and Principal, Bronfman E.L. Rothschild, “For both our wealth management and retirement advisory clients, we remain committed to this Fiduciary Standard and believe it is the right way to serve our retirement investors.”

About Bronfman E.L. Rothschild

Creating, enhancing, and preserving wealth is the focus at Bronfman E.L. Rothschild.  Through in-depth knowledge and experience, specialized wealth management advisors help families and individuals clarify their financial goals and develop a tailored strategy to meet their objectives.  Overseeing more than $3.8 billion in client assets under management*, the firm works to understand each client’s goals and offers candid advice and guidance through the complex investment arena.  The firm also serves as a consultant to corporate retirement plans, overseeing investment fund selection and monitoring, providing fiduciary oversight, and offering its unique Retirement Readiness education experience to plan participants.  The firm’s retirement plan consulting and administration professionals specialize in assisting with the design, implementation, and administration of qualified retirement plans.  They also provide consulting services on a wide range of retirement plan issues including plan termination, IRS and DOL audits, and plan corrections under IRS and DOL approved procedures.

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*Client assets under management as of 12/31/15

 

Bronfman E.L. Rothschild is a registered investment adviser. Securities, when offered, are offered through an affiliate, Bronfman E.L. Rothschild Capital, LLC (dba BELR Capital, LLC), Member FINRA/SIPC. Representatives may also be registered with Baker Tilly Capital, LLC, member FINRA/SIPC, an unaffiliated broker-dealer, in order to service various historical account relationships.