RIAs To Feel The ‘Higher Burden’ Of Fiduciary
Craig W. Lemoine
The Department of Labor’s “Conflict of Interest” rule holding advisors to a fiduciary standard of care has raised the bar on every registered investment advisor (RIA) managing retirement accounts, RIA owners and financial experts say.
Even fee-only advisors that have followed a fiduciary standard for years and who may feel like they are better positioned for the changes will find it more difficult to do business, experts say.
Tuohy, Cyril, "RIAs To Feel The ‘Higher Burden’ Of Fiduciary" (2016). In the News. 1228.