New Fiduciary Rule – $14 Trillion In Assets To Be Impacted
Jamie Patrick Hopkins
Headlines have The Labor Department unveiling a final version of the so-called fiduciary rule today at 11:30 – Applying a fiduciary standard means the broker must put his customer’s interests ahead of his own. This is different from now, when nothing stops a broker from selling you what earns him the highest commissions – “At stake are $17 billion in annual fees that the financial industry overcharges for advice on retirement-saving plans, according to the president’s Council of Economic Advisers”
ValueWalk, "New Fiduciary Rule – $14 Trillion In Assets To Be Impacted" (2016). In the News. 1217.