1. It's Time to Comply with the DOL Fiduciary Rule
Department of Labor (DOL) sends
final rule to Office of Management
and Budget (OMB) for review
January 28
2016
OMB and DOL conduct joint
meetings with industry participants
February – April
Final rule announced
April 8
Seismic’s GM & VP of Financial
Services Craig Dunham publishes
blog post: 5 Things Wealth
Advisors Need to Know about the
DOL’s New Fiduciary Rule
April 21
Seismic publishes guide: The Advisor’s
Guide to the new DOL Fiduciary Rule
April 28
In the face of industry consolidation,
Ameriprise sees expansion opportunity
April 28
Seismic publishes whitepaper:
How Sales
Enablement Can
Help Mitigate the
Effects of the DOL
Fiduciary Rule
May 26
Final rule becomes effective
June 7
President Obama
vetoes resolution
to block DOL
fiduciary rule
June 8
Nationwide launches education series
June 22
Fund Operations publishes byline from
Seismic’s GM & VP of Financial Services
Craig Dunham: Is Automation the Answer?
July 22
The first of several lawsuits against
the rule is filed in Washington D.C.
August 24
August 30
Seismic’s Content Marketing Manager for
Financial Services Chris Monaco publishes
blog post: Where Are They Now? The DOL
Fiduciary Rule’s Stakeholders
State Farm directs agents to stop
selling mutual funds, variable annuities,
and other investment products
September 3
Clear Path Analysis publishes report featuring
a whitepaper and interview from Seismic’s GM
& VP of Financial Services Craig Dunham: Fund
Technology & Data, North America 2016
September 19
A Fidelity survey finds that 46%
of advisors have not taken any
action to comply with the rule
September 28
Merrill Lynch announces it will no
longer offer commission-based IRAs
October 6
Latest date for Congress to pass a
joint resolution of disapproval under
the Congressional Review Act
September 29
Nationwide acquires Jefferson National
September 28
BlackRock cuts ETF fees
October 5
2017
Trump advisor says the candidate promises
to overturn the DOL rule if elected president
October 18LPL Financial explores sale
October 11
TABB Forum publishes byline from Seismic’s GM
& VP of Financial Services Craig Dunham: DOL
Rule Draws Industry-Wide Line in the Sand
October 10
Donald Trump elected
president, but the DOL rule’s
future likely remains secure
November 8
October 27
Seismic hosts a joint webinar featuring GM & VP of
Financial Services Craig Dunham and Celent’s Senior
Analyst of Securities and Investments William Trout:
All Hands on Deck: Technology’s Role in the
Scramble to Comply with the DOL Fiduciary Rule
November 14
Seismic releases DOL Rule Solution Kit
November 16
2018
An Overview of Industry News, Stakeholder Activity and Critical Deadlines
Phase 1 compliance deadline
April 10
Final compliance deadline
January 1
Department of Labor
releases first batch of FAQs