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Rebalance Expert Available to Comment on "Regulation Best Interest (BI)", DOL Fiduciary Rule and Financial Consumer Protections

·2 mins read

Scott Puritz, Managing Director of Rebalance – an award winning investment firm committed to offering premium, fiduciary wealth management services to every day investors – is available for comment on the Fiduciary Rule, Regulation Best Interest (BI) and the overall importance of consumer protections when it comes to investment advice and retirement planning.

Recent research by the Harvard Business School and National Bureau of Economic Research indicate that the Obama-era Department of Labor’s "Fiduciary Rule", while never implemented in its original form, has still proven incredibly effective at making investing and saving for retirement safer for all Americans. Per this recent research, a 10% decline in average expenses paid by investors can be directly attributed to the original version of the DOL Fiduciary Rule.

Scott Puritz is a nationally recognized retirement investing expert. He was the only financial advisor to testify in front of the U.S. Senate when the Fiduciary Rule was originally proposed. In addition, he has been quoted by the New York Times, Wall Street Journal, NPR, Forbes, CBS, PBS and USA Today.

At Rebalance, Scott has assembled infrastructure and service delivery methods that bring our clients sophisticated investment advice and the personalized treatment offered by exclusive wealth management firms, for a fraction of the cost. He received his B.A. in economics, with distinction, from Tufts University, and an M.B.A. from Harvard Business School. Scott is a registered Investment Representative and holds a Series 65 securities license. With his wife Susan of 32 years, he is an avid supporter of his two daughters’ forays into travel, sports, and music.

To request an interview, email media@rebalance360.com.

About Rebalance

Rebalance is a mission-driven, award-winning investment firm committed to offering premium, fiduciary wealth management services to everyday investors. The firm is at the forefront of providing consumers with a fundamentally different and better set of investment options: lower costs, endowment-quality globally diversified investment portfolios, systematic rebalancing and comprehensive financial planning.

The Rebalance Investment Committee is anchored by three of the most respected experts in the finance world: Burt Malkiel, the world-renowned Senior Economist at Princeton University and author of "A Random Walk Down Wall Street"; Dr. Charley Ellis, the former longtime chairman of the Yale University Endowment; and Jay Vivian, the former Managing Director of IBM's $100+ billion in retirement investment funds for more than 300,000 employees worldwide.

Rebalance is headquartered in Palo Alto, CA and Bethesda, MD and currently manages more than 600 clients with more than $750 million in financial assets. In 2018, Rebalance was honored by Schwab’s 2018 Pacesetter IMPACT Award™ for Innovation and Growth.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200923005875/en/


Linda Sperling
Dir. of Strategic Communications