For years, margins at the nation’s largest independent broker-dealers have been shrinking due to a variety of pressures — and now, a sea change looks likely to accelerate those forces.
That change comes in the form of the Department of Labor’s fiduciary rule, which requires all advisers and brokers to put their clients’ financial interests before their own when it comes to retirement accounts. That could have a chilling effect on what products they can recommend and sell.
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
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access