CHICAGO - Should advisers wait until the presidential election to begin implementing the new fiduciary rule?

Yes, says Brian Hamburger, president and CEO of MarketCounsel, the Englewood, N.J.-based compliance and consulting firm. Speaking at the annual Envestnet Advisor Summit, Hamburger said that it should take fee-based investment advisers about “30 to 60 days of work,” including reviewing contracts and staff training to comply with the rule.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access