Fi360 rolled out the program in September 2016 to provide baseline fiduciary education and training in response to heavy market demand. Some 35,000 financial professionals have used the self-paced program, which it has now expanded to address additional needs highlighted by existing enterprise clients.
“The regulatory landscape continues to evolve, and while parts of the Department of Labor Fiduciary Rule are on hold, the updated fiduciary definition and Impartial Conduct Standards are in effect for retirement accounts,” John Faustino, chief product and strategy officer at Fi360, said in a statement.
“Beyond the regulatory changes, fiduciary has hit the mainstream, creating strong market forces favoring fiduciary advice with wealth accounts, too.”
The Labor Department said it delayed full implementation of the fiduciary rule in order to have time to review public comments, many of which are apparently fake, according to one analysis.