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Advisors May Stick with Fiduciary Standard Even if Rule is Killed

Sunday, Nov 20 2016
Regulatory & Compliance
Written by  PFA News

Expectations that President-elect Donald Trump and the Republican controlled Congress will kill the Department of Labor’s Fiduciary Standard are growing, but many firms are continuing to prepare for the rule nonetheless. So reports Bloomberg BNA.

Among some firms, the fiduciary standard is expected to be the norm in 10 years. Many advisory firms have already made big investments in technology and training to comply with the rule, so it makes sense to follow its requirements on a voluntary basis.

Read the full article from Bloomberg BNA.

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