Fiduciary Rule

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

CEO Jim Cracchiolo said the firm's efforts won't go to waste should the rule be overturned.

Meanwhile, a prominent Republican congressman called on President Trump to delay the regulation's implementation.

Even as President Trump seeks a rollback of financial regulations, there’s little chance the rule will be paused — and an even slimmer chance it will be derailed, says TD Ameritrade Institutional’s Skip Schweiss.

CFP Board and other supporters see the Labor Department's rule on retirement advice under assault, digging in for fight against administrative or legislative efforts to delay the rule.

The financier may be offered an ambassadorship or another job instead of appointing him to a top role advising President Donald Trump.

The regulation pulled back the curtain on one type of conflict, but there are many others. It's only a matter of time before they come to light, too.

The move is intended to better satisfy clients who are increasingly asking for more clarity, according to the firm.

Today’s young winners are concerned about the fiduciary rule, and rightly so since it could potentially land them in court.

Morgan Stanley and Advisor Group are moving ahead with changes despite the possibility that the Department of Labor's regulation could be reversed.

The wirehouse will make “many” of the pricing and product design changes it planned last year, include lowering commissions for trades involving stocks and ETFs “to the benefit of our clients,” according to an internal memo.

By putting clients’ interests first and documenting conscientiously, advisors will comply with the rule, while also building trust.

Executives also estimate how much of their advisory force will quit in the wake of the DoL rule.

Too much growth has led to a slowdown in business efficiencies. Smart firms need to fix their operating models.

There's a better way to craft a standard that would protect investors and preserve client choice.

The brokerage industry’s watchdog would also want to play an active role in the design of a possible SEC fiduciary regulation, Robert Cook says.

One suggestion planners say they are offering bullish clients: Don't be extreme.

The costs of complying with the fiduciary rule may cause many smaller independent broker-dealers to disappear. Advisor Group plans to take advantage of this trend.

"There is an added sense of urgency now," says Barbara Roper, director of investor protection at the Consumer Federation of America.

The White House has made fiduciary part of investors' vocabulary.