Originally published in American Banker on October 7, 2026.
“At the same time, the theme of convergence speaks to the way that rules from the Labor Department, the Securities and Exchange Commission and the IRS — as well as laws like the two Secure Acts — come into play with those possible new lines of business and vendors that can help advisors open them, according to Bonnie Treichel, the founder and chief solutions officer of retirement regulation consulting firm Endeavor Retirement.
While those requirements differ in the degree to which they impose a fiduciary duty on advisors to put clients’ best interest first, the standards governing advice seem to be converging, evolving into “almost becoming one and the same, with some slight nuances,” she noted. That trend is important because retirement savers need quality advice and recommendations before making consequential rollover decisions.”