Practice

"Just the talk about the rule has been free advertising for planners committed to prioritizing their client's needs over juicing their own compensation," says one leading fiduciary planner.

The firm says it could delay changes it pledged to make to comply.

People are saving more money for retirement and setting up more retirement accounts, with fewer savers borrowing from their funds, according to author Dan Kadlec.

"My expectation is that a lot of firms are going to continue installing a best-interest standard, regardless," said Brian Graff, CEO of the American Retirement Association.

Advisers reacted to President Trump's efforts to halt the regulation.

President Trump’s order sparked reactions all over his preferred social media platform.

To survive, planners must be willing to change in these five areas, according to the popular industry expert.

While a review will be undertaken by the Labor Department, the White House signaled that the president was expecting significant change.

Early withdrawals from retirement investments can trigger a hefty penalty.

Robos, among other pressures, will force an evolution in the percentage of AUM fee model, the custodian head says.