New DOL Rule Opens 'Safe Harbors' for Alts Access in 401(k)s
Action Required: Financial advisors should familiarize themselves with the new DOL rule, evaluate the expanded alternative investment options for 401(k)s, and assess their suitability and risks for client portfolios.
A new Department of Labor (DOL) rule creates 'safe harbors' for asset managers to offer alternative investments like private equity, real estate, and cryptocurrency within 401(k) plans. This development expands the range of investment options financial advisors can consider for their clients' retirement portfolios, requiring them to understand new product offerings and associated risks.
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