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Life Health Pro: “IMOs to DOL: Fiduciary rule class exemption sets too high a bar”

Published January 24th, 2017 in PR Placements |

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In respect to the last, the DOL proposal estimates that an IMO with average sales of $2 billion could satisfy this liability requirement by setting aside $20 million. If valued at 7 percent (3 percent net), the IMO’s “attendant opportunity cost” would total $1.4 million ($600,000 net) in the first year. Read Full Article