In the News

Title

Merrill Lynch may be positioning itself for more commission flexibility in the future

Document Type

Article

Publication Date

3-10-2017

Abstract

Merrill Lynch's announcement that it may offer commissions in retail retirement accounts in limited circumstances may be an indication that it is giving itself some flexibility in case the Department of Labor's fiduciary rule is repealed, according to some observers.

"If that DOL rule get rescinded entirely, you'll see more than what they're doing now happen," said Ron Edde, president and chief executive of recruiting firm Millennium Career Advisors.