Looking Ahead To Fiduciary Rule: Two Advisors Tell Their Tales
July 1, 2016 by Cyril Tuohy
A year ago, financial services interest groups of every stripe pushed hard to sway Department of Labor regulators who were in the midst of drafting new conflict of interest rules governing the sales of financial products into retirement accounts.
Warnings were dire. Costs to retail financial advisors would rise and cause thousands of them to retire, scale back their practices or drop unprofitable middle market accounts.
Now that the final rule is on the books, insurance agents and financial advisors have had several months to mull over the real-world effects of the Conflict of Interest rule, a regulatory tome of more than 1,000 pages.
Click HERE to view the full story. InsuranceNewsNet articles may require a subscription to read.