The U.S. Department of Labor’s (“DOL”) regulation under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”) that redefines the term “fiduciary” under section 3(21) of ERISA and section 4975(e) of the Internal Revenue Code of 1986, as amended (the “Code”) has been delayed and is now scheduled to become applicable June 9, 2017 (the “DOL Rule”).

Morgan Stanley is committed to meeting the requirements of the DOL Rule, while at the same time offering our clients the choices they desire to help meet their retirement goals.

If you have any questions now about how the rule will affect your retirement services, contact your Morgan Stanley Financial Advisor or Private Wealth Advisor