Fiduciary Rule

If rule isn’t scaled back, the lower tier of advisers has a rough road ahead. Their “future isn’t what it was in the past.”

It’s not just about consumer advocates and advisers; there’s another side to the issue that’s not getting the attention it deserves.

The department says it needs time to complete a review of the regulation ordered by President Trump, who also recently outlined criteria for reversing the rule.

Use this as an opportunity to target potential clients and address specific niches.

Andy Sieg, head of the firm, says that "operational changes" are possible if the rule is delayed or overturned.

Embracing fiduciary standards, managing client risk and integrating technology are essential steps for every RIA to undertake.

Banks and credit unions scramble to adjust their product choices with a significant 40% of those surveyed developing separate menus for retirement and retail accounts.

The rule’s outlook seems uncertain, but a strong undercurrent is carrying the industry along.

The fast-food executive withdrew amid controversy over his personal life.

Reflecting industry concern with Department of Labor rule requirements, the firm dubbed the platform as a "One-Click Fiduciary."

SEC staff recommended this solution as far back as 2011.

Intense competition and the advent of the fiduciary rule are prompting financial institutions to consider making select purchases.

A new comment period would give the administration time to prepare for legal challenges anticipated after it puts a delay into place, one expert says.

The nation's largest IBD vows to take a “proactive approach” to the fiduciary rule.

Greater transparency can help land prospects with the industry focused on the Department of Labor's fiduciary rule, experts say.

The Obama-era regulation may survive even Trump's sweeping regulatory rollback, some experts say.

The decision landed just hours after the Department of Labor asked for the decision to be postponed while it complies with a Trump order to review the regulation.

The move is additional fallout from the president's memo to the Department of Labor to review the regulation and possibly rescind it.

"We believe they have made our overall platform more competitive," said a top executive in the LPL division that supports banks and credit unions.