SIFMA Sends DOL Study About Fiduciary Rule Effects
Jamie Patrick Hopkins
More than half (53%) of financial institutions reported limiting or eliminating access to advice in retirement brokerage accounts, impacting an estimated 10.2 million accounts and $900 billion in assets under management (AUM), according to a study of a cross-section of SIFMA members, commissioned by SIFMA and performed by Deloitte & Touche.
The 21 financial institutions that participated in the study represent 43% of U.S. financial advisers and 27% of the retirement savings assets in the market.
Moore, Rebecca, "SIFMA Sends DOL Study About Fiduciary Rule Effects" (2017). In the News. 2436.