In the News

Title

Advisors Don’t Need to Abandon Small Accounts

Document Type

Article

Publication Date

1-18-2017

Abstract

The statutes under the Department of Labor’s much-discussed fiduciary rule were designed to protect investors. However, if the rule is implemented without major changes, it will inadvertently cause investors with small accounts—mostly middle-class Americans saving for retirement or their children’s college tuition—to lose out on the benefits of holistic financial planning that only a human advisor can provide.