Five Things You Should Know
About The
Department Of Labor Fiduciary Rule

You may be wondering what the Department of Labor Fiduciary Rule means for you and your retirement assets. Below are answers to five common questions about the Fiduciary Rule.

Important date change: The DOL Fiduciary rule will go into effect June 9, 2017.

What is the Fiduciary Rule all about?
The rule specifies that, as of June 9, 2017, advisors who are paid to make recommendations and provide investment advice about individual retirement accounts (IRAs) and retirement plans will be treated as "fiduciaries" and must adhere to a fiduciary standard.
What does "fiduciary" mean?
When an advisor is a "fiduciary", any advice or recommendation given must be in the best interest of the client and must not create a conflict of interest for the advisor. We have decades of experience serving in the role of fiduciary for our clients and we are familiar and comfortable in that role.
What constitutes investment advice or a recommendation?
There are three types of advice or recommendations that carry fiduciary responsibility.
  1. A recommendation to buy, hold or sell an asset like a stock or mutual fund within a retirement account.
  2. A recommendation to move, transfer or rollover retirement accounts or the assets within the retirement accounts.
  3. A recommendation about the management of a retirement account.
Will this impact my relationship with First Citizens?
For over 100 years, our customers have and always will come first. We consider Fiduciary Rule to be the next step in our commitment to our clients. It’s an affirmation of who we are and how we conduct business. Our values and principles are summed up in our brand tag line, "Forever First".
Will this change how I work with First Citizens?
It could mean that you have the opportunity to work with another one of our team members depending on your particular need. Our goal at First Citizens is to provide you with the right tools and resources to help you meet your financial and retirement goals. The Fiduciary Rule does not impact what matters most — helping you realize your financial goals.
Email your question or comment

Thank you for your inquiry. A First Citizens Representative will contact you shortly.

An error occurred while sending your request. Please try again.

To get additional information or to send a comment about First Citizens Bank, our products and services, please complete the online form below.

* indicates required field

Please enter your name
*
Please enter a valid email address
*
Please select a recipient
*
Please enter a message
*
Please enter the code
*
or Cancel
Request a Call

Thank you for your inquiry. A First Citizens Representative will contact you shortly.

An error occurred while sending your request. Please try again.

Would you like to know more about our products and services? Give us your name, phone number, area of interest and what time is convenient for you. We will have a qualified First Citizens associate contact you to answer your questions.

* indicates required field

Please enter your name
*
Please enter your phone number
*
Please enter a valid email address
*
Select best time to call
*
Please select a recipient
*
Please enter a message
*
Please enter the code
*
or Cancel
Personalize Your Banking Experience

First Citizens Bank product offerings differ from region to region. In order to accurately display information on accounts, rates and special promotions specific to your area, please enter your 5-digit ZIP Code below.

Email

Thank you for your inquiry. A First Citizens Representative will contact you shortly.

An error occurred while sending your request. Please try again.

To contact , please complete the following form.

* indicates required field

Please enter your name
*
Please enter a valid email address
*
Please enter a phone number
*
Select a contact method
*
Select a product or service
*
Please enter a message
*
Please enter the code
*
or Cancel

Deposit cash or checks without an envelope 24 hours a day, seven days a week

Learn more »

Please Upgrade your browser

Your Browser Is Not Supported – Please Upgrade

In order to view and use certain First Citizens Bank products, services and webpages, we recommend that you use a current version of one of the following browsers. You can upgrade your existing browser by clicking one of the links below. You will need to restart your computer in order to complete the upgrade.

We strongly recommend that you upgrade now.

If you do not upgrade your browser, you may experience functional or display issues on the pages you are attempting to access.