Fiduciary: By the Numbers

April 6, 2016 3:03 PM

The release of the Department of Labor's long-awaited fiduciary rule raises many questions about how it will change the industry moving forward. Here, we've assembled a rundown of the big numbers to watch as a new industry landscape takes shape. Click through to see key stats surrounding the fiduciary rule, or click here for a single-page version. All data from the Department of Labor unless otherwise attributed. -- Editorial Staff

Read more:

tFiduciary Rule Expected to Spur Industry Upheaval

tFiduciary and IRAs: What's at Stake

tKey Regulator Doubts Robos Can Be Fiduciaries

tRoth: Will the Fiduciary Standard Actually Help Consumers?

MORE FROM FINANCIAL PLANNING

Technology

AI takes the spotlight as 7 fintechs pitch their products to advisors

Agentic AI in several forms took center stage as fintech executives made the case for their services at the first-ever AI-focused demo drop at Future Proof.

By Rob Burgess

2h ago
Regulation and compliance

Few RIAs are registered abroad — here's why

Fewer than 3% of U.S. advisory firms report registrations with foreign regulators, and the meager ranks reflect the difficulty of breaking into international markets.

By Tobias Salinger

September 10
Industry News

DOL backs Morgan Stanley in deferred comp fight

In an opinion sought by Morgan Stanley, the Department of Labor finds the firm's deferred compensation "appears to be a bonus program" used to reward loyalty and good behavior and not a retirement benefit.

By Dan Shaw

September 10
Regulation and compliance

How RIAs can prevent serious AI fails, reduce regulatory risk

As AI use expands in wealth management, so too does regulatory risk. Experts at Future Proof shared what questions RIAs should ask vendors, along with tips on implementing firm-wide AI guardrails.

By Cat Auer

September 10
Industry News

Raymond James is winning the war for Commonwealth talent. Here's why

Raymond James has gone from being one of the lowest payers of third-party recruiters to one of the higher. That's helped it get more "swings at the plate" with teams looking to leave rival firms.

By Dan Shaw

September 10
Technology

19% lost money on bad AI financial advice

A significant proportion of people are following financial advice given to them by AI models, and many reported losing $100 or more.

By Chris Gaetano

September 10