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.
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