Forecasting the future is quite hard, but predicting this is very easy: Low-cost portfolios will continue to gain ground, propelling advisors toward less expensive mutual funds, ETFs and other pooled vehicles.
There are several important factors behind this shift, but the one with the greatest potential significance is the proposed Department of Labor rule that would make anyone who advises on retirement plans an investment fiduciary, legally obliged to act in clients’ best interests.
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