One unintended consequence of DOL fiduciary rule
Jamie Patrick Hopkins
While the Labor Department's newly released fiduciary rule has inspired much discussion among industry stakeholders speculating how the regulation will adversely affect the advice business, there's a potential silver lining: a younger industry.
Providing financial advice is predominantly the business of older advisers — among regional brokerages and wirehouses, for example, many top producers are 50 years old or more.
Iacurci, Greg, "One unintended consequence of DOL fiduciary rule" (2016). In the News. 1309.