Independent advisors may think they have little to worry about with the Department of Labor's upcoming fiduciary rule, but experts say taking no action leaves them in peril.

No fewer than "70% of RIAs think the DoL rule will have little impact on their business," says Tom Corra, the COO of Fidelity Clearing & Custody Solutions. "They should be verifying the accuracy of that statement so they don't get caught unprepared."

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