A flurry of opinions has engulfed the industry ever since the Department of Labor began its pursuit of a fiduciary rule six years ago. After Labor Secretary Tom Perez and a host of other officials unveiled details of the rule on Wednesday, advisors and industry experts are absorbing the details and dissecting what it will mean for their companies and/or their practices.
But how do advisors really feel? Read on to see their reactions, or click here for a slideshow version.
- Fiduciary Rule Expected to Spur Industry Upheaval
- Fiduciary: By the Numbers
- Key Regulator Doubts Robos Can Be Fiduciaries
- Roth: Will the Fiduciary Standard Actually Help Consumers?