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JoelLewis
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fiduciary-standards

Apply fiduciary duty standards across ERISA, DOL, and IA regulations.

164|33|Updated Feb 15, 2026
Search Tags:#compliance#DOL#suitability#fiduciary duty#ERISA#Reg BI#investment adviser
One-click install
npx skills add https://github.com/JoelLewis/finance_skills --skill fiduciary-standards
Or copy as Structured Prompt for Agent▼
Please help me install this Agent Skill.
Skill: fiduciary-standards
Source: https://github.com/JoelLewis/finance_skills/tree/main/plugins/compliance/skills/fiduciary-standards
Command: npx skills add https://github.com/JoelLewis/finance_skills --skill fiduciary-standards

SYSTEM DOCUMENTATION & REQUIREMENTS

💡 This Skill includes references (resource) components.

What problem does it solve?

This Skill clarifies and applies complex fiduciary duty standards across various financial advisory contexts, helping users understand their obligations and distinguish them from other regulatory requirements.

Core Features & Use Cases

  • Fiduciary Standard Identification: Determine if a fiduciary duty applies to a specific situation (e.g., investment advice, retirement plans).
  • Comparative Analysis: Differentiate fiduciary duty from Reg BI and suitability standards.
  • ERISA & DOL Rules: Understand fiduciary obligations under ERISA and recent DOL guidance, including PTE 2020-02.
  • Use Case: A financial advisor needs to explain to a client the difference between the fiduciary standard they adhere to and the suitability standard a broker might follow, especially concerning a rollover recommendation.

Quick Start

Explain the core differences between the IA fiduciary duty and Reg BI.

Frequently Asked Questions about fiduciary-standards

High-intent search queries and answers about installing and using this skill.

FAQPage Schema
What is the difference between fiduciary duty and Reg BI suitability standards?▼

Fiduciary duty requires acting in the client's best interest, whereas Reg BI and suitability standards only require recommendations that fit the client's profile. This Skill distinguishes these obligations under IA Act Section 206 and DOL regulations.

How do I determine if ERISA fiduciary rules apply to my retirement plan advice?▼

You can determine ERISA applicability by evaluating your advisory role against ERISA Section 404 criteria. This Skill analyzes your specific situation to identify if fiduciary obligations are triggered under DOL regulations.

When do I need to follow DOL PTE 2020-02 for investment advice?▼

You need to follow DOL PTE 2020-02 when providing conflicted investment advice to retirement investors. This Skill helps you understand recent DOL guidance and apply the prohibited transaction exemption correctly.

Does fiduciary duty apply to rollover recommendations from a broker?▼

Fiduciary duty applies to rollover recommendations if the advisor meets the DOL fiduciary definition. This Skill differentiates the fiduciary standard from the suitability standard a broker might follow during rollovers.

How to apply state-level fiduciary developments alongside federal ERISA rules?▼

Apply state-level fiduciary developments by cross-referencing them with federal ERISA rules and IA Act Section 206. This Skill synthesizes legal interpretations and regulatory releases to ensure comprehensive compliance.

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