A new president and fiduciary: What happens next?
It took several years for the Department of Labor's fiduciary rule to come to fruition. But with a new president coming into office in January, could all that work be unraveled?
Predictably, experts clash on what the impact of either a Trump or Clinton win will mean for the fiduciary rule before it is slated to go into effect on April 10. Some believe that the presidential election's effect on its implementation could extend far beyond the rule's technical boundaries to Dodd-Frank regulation — as well as to all non-retirement accounts. If that's the case, non-qualified accounts could come in for as profound a revolution as the one currently anticipated for retirement accounts.
Read on for more predictions.