Fiduciary standard

One brokerage executive likens the situation to changing the rules of a football game after the teams are already on the field.

A new campaign, which highlights the toll investors may face from conflicted retirement advice, is designed to win grass-roots and government support for the regulation.

Advisers will be challenged to evolve to remain successful in the new age of cheaper investing, shifting demographics and (at some point) a fiduciary standard, says Tim Coleman of Centier Bank.

The Labor Department will now conduct a review with an eye toward amending or rescinding it.

Here's what an alternative approach to the Labor Department regulation could look like.

One expert feels the marketing advantage is exaggerated because clients come into an adviser relationship like a marriage: "They’re not expecting to get divorced.”

It behooves advisers to be ahead of the pack in embracing the idea.

The benefits of going independent are alluring, but wirehouse advisers can't afford to discount the formidable challenges ahead.