Boston, June 22, 2017 – Avid public debate continues regarding the U.S. Department of Labor fiduciary rule. The rule will undergo a DOL examination, and it could be amended or rescinded. Nevertheless, the rule went into force on June 9, 2017, and Aite Group included questions on the DOL fiduciary rule in its seventh annual survey of financial advisors to reveal the sentiment on the front lines.
This research looks at the financial advisors’ experience on this winding regulatory road and is based on Aite Group’s 2017 online survey of U.S. financial advisors. This report focuses on the responses of 152 financial advisors who actively service retail retirement accounts and state they are familiar with the impact of the DOL fiduciary rule in relation to working with clients.
This 28-page Impact Note contains 23 figures and two tables. Clients of Aite Group’s Wealth Management service can download this report, the corresponding charts, and the Executive Impact Deck.