In the News

Title

New Fiduciary Rule – $14 Trillion In Assets To Be Impacted

Authors

ValueWalk

Document Type

Article

Publication Date

4-6-2016

Abstract

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”