Advisers can use the rule’s deficiencies to rise above the competition in navigating the new landscape
Apr 5, 2016 @ 12:16 pm | By David Lyon | Investment News
Much has been written about the Department of Labor’s fiduciary rule, and the issues it does and doesn’t address. Opinions within the wealth management industry remain divided, but at the end of the day, change is coming whether we like it or not.
Like any far-reaching government statute, the fiduciary rule has its deficiencies — but as long as advisers and investors keep in mind where the fiduciary rule falls short, they can use that information to their advantage when navigating the changing landscape.
The time (at Blue Vault's 2nd Annual Broker Dealer Educational Summit) proved extremely informative.