With the pending release of the Department of Labor’s new fiduciary standard, I am happy to announce that my new book and ebook, “The Prudent Investment Adviser Rule™: Risk and Liability Management for Investment Fiduciaries,: are now available at amazon.com.

I have always given my consulting clients a copy of the book to help them better understand the applicable laws and better protect themselves and their practices against unwanted and unnecessary liability exposure. The book also contains passages from key legal decision to clarify common errors and the steps necessary to avoid same.

Many people have questioned the timing of the release of the books before the DOL announces its new rules. The DOL’s new standards are not expected to change existing substantive fiduciary law, only to expand the applicability of same. Therefore the books are meant to help all investment fiduciaries, e.g., investment advisers, pension plan sponsors, trustees, and stockbrokers, better understand what their true legal obligations are to clients.

If the DOL does make some earth shattering to existing fiduciary law, I will obviously release an appropriate press release updating everyone the change.