Wednesday, April 6, 2016, the Department of Labor issued a new rule for retirement accounts held at brokerage firms, imposing stricter fiduciary obligations on advisors. The new rule will be phased in between April 2017 and January 2018. BECU, in partnership with LPL, our broker-dealer, is analyzing the final rule and its implications for our members and operations.
Established in 1935 on the principle of “people helping people,” BECU has long practiced putting its members' best interests first: “BECU Investment Services is, and always has been, dedicated to putting members first,” says Vice President of Business and Wealth Services Dana Gray. “We embrace and support the Department of Labor's new rule and will be prepared to fully implement on behalf of our members.”
Please contact your BECU Investment Services Financial Advisor directly with any questions, or call: (206) 439-5720.
Financial Advisors are registered with and Securities and Advisory services through LPL Financial a Registered Investment Advisor, Member FINRA/SIPC. Insurance Products are offered through LPL Financial or it's licensed affiliates. BECU and BECU Investment Services are not a registered broker/dealer and has a brokerage affiliate arrangement with LPL Financial. Investments are:
|Not NCUA/NCU SIF Insured||Not Credit Union Guaranteed||May Lose Value||Not Obligations of BECU|