- Gather relevant information about the customer—this should be part of the suitability analysis in any case, though a prudent or best-interest process requires more than the suitability standard. Gather information about the product or investment strategy being considered.
· Assess the information carefully, taking into account the purpose for which the investment is being made.
Benefits Think Under the DOL’s Fiduciary Rule, beware the myths
Published Updated
4 Min Read
Bruce L. Ashton
Partner
Bruce L. Ashton is a partner at Drinker Biddle. He has more than 35 years of experience handling employee benefits matters.
