Over the past few years, Financial Engines has been a vocal supporter of the Conflict of Interest Rule, which requires investment advisors who provide retirement advice to clients to serve as fiduciaries. This means they must place their clients’ interests ahead of their own.
Last week, we submitted another formal comment letter to the U.S. Department of Labor, providing our thoughts on recent efforts designed to delay or weaken the Rule. Financial Engines has always served as a fiduciary, and consistent with past input, we shared our view that the Rule should be retained in the strongest possible form. Americans deserve no less.
Financial Engines believes that all investors — not just the wealthy — deserve access to high-quality, independent financial help they can trust. The bottom line is that we believe that the Conflict of Interest Rule is good for Americans and should be kept in place. You can count on us to continue to fight for our clients.