Fiduciary education providers are helping advisors prepare for the Department of Labor fiduciary rule’s April compliance with the release of new training programs.
Fi360 was the latest to join in Monday by launching its Fiduciary Essentials for Advisors (FEA) program, which fi360 says is a “self-paced online program” focusing on the fiduciary roles and responsibilities of advisors managing qualified retirement plan programs and individual retirement accounts.
The program, developed by fi360 experts along with ERISA attorney Fred Reish of Drinker Biddle & Reath, is divided into five modules covering fiduciary-related themes such as compliance with DOL’s rules and adopting fi360’s fiduciary best practices.
The modules, which include content that is customizable to each advisor’s business, are:
• Session 1: Understanding Your Role
• Session 2: Managing Investment Decisions
• Session 3: Planning for Success
• Session 4: Primer on New DOL Rule
• Session 5: Best Practices on IRA(s)