U.S. Department of Labor rule

In 2016, the Department of Labor (DOL) released its final Fiduciary Rule. The first set of provisions became applicable on June 9, 2017, with additional provisions taking effect in 2018. The types of accounts covered by this Rule are individual retirement accounts (IRAs) and ERISA (Employee Retirement Income Security Act of 1974) plans.

AXA’s commitment to transparency

When choosing a financial services company, trust is paramount. While customers are likely to assess the company’s financial stability and performance, compare services that address their needs, and consider whether there is a match with the organization’s larger goals and purpose, they will almost certainly consider the company’s transparency and integrity.

The role trust plays in choosing a financial services company is not new. But some recent events, including a new rule issued by the Department of Labor (DOL), have shone a spotlight on the relationship between financial services companies and their clients.

The rule expands an existing statutory “fiduciary standard” for retirement plans under which firms and their financial professionals must reduce and disclose the impact of any conflicts of interest they may have when serving retirement investors. Compliance with the rule may also require some changes in how financial professionals are paid for their services, and it creates additional disclosures that firms must provide to their clients for qualified retirement accounts and IRAs.

For more than a century and a half, AXA Equitable has helped many, many Americans protect their loved ones and save and plan for a dignified retirement. Financial Professionals of our affiliate, AXA Advisors, LLC, are the linchpin of this effort, serving as a main point of contact for clients. At AXA, we have always taken our responsibility to serve our clients very seriously. AXA Advisors Financial Professionals work closely with clients to understand their financial goals before offering recommendations, and to meet with clients when, where, and how often they choose, to discuss their financial future, understand any risks involved in their investments, develop future plans that help them meet their financial goals, and fully explain any expenses or fees involved.

Financial Professionals work under guidelines established by state regulators, the Securities & Exchange Commission, and the Financial Industry Regulatory Authority (FINRA). We maintain a well-established internal governance structure that places integrity and transparency at the forefront of all our interactions with our clients. Because many strong protections were already in place before the DOL rule, and because we consider transparency and integrity to be the cornerstones of our relationship with our clients, we remain confident that we will be able to continue to provide high-quality products, services and advice to our retirement customers with minimal disruption.

As always, we remain focused on offering protection for the modern family, helping you achieve greater financial literacy, and pursuing a dignified retirement.

Duly registered and licensed AXA Advisors Financial Professionals offer securities through AXA Advisors, LLC (NY, NY 212-314-4600), member FINRA, SIPC, offer investment advisory products and services through AXA Advisors, LCC, and SEC-registered investment advisor, and offer annuity and insurance products through AXA Network, LLC (AXA Network Insurance Agency of California, LLC; AXA Network Insurance Agency of Utah, LLC; AXA Network of Puerto Rico, Inc.)

AXA S.A. is a French holding company for a group of international insurance and financial services companies, including AXA Equitable Financial Services, LLC. (AEFS). "AXA" is the brand name of AEFS and its family of companies, including AXA Equitable Life Insurance Company (AXA Equitable) (NY, NY), MONY Life Insurance Company of America (AZ stock company, admin. office: Jersey City, NJ) (MONY America), and AXA Distributors, LLC. All group insurance products are issued either by AXA Equitable or MONY America, which have sole responsibility for their insurance and claims-paying obligations. Some products are not available in all states.

GE-118337 (08/2016)

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