The Department of Labor’s Fiduciary Standard rule was slated to go into effect in January but has been delayed until July of 2019 to allow for a review by the Trump Administration.
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Fiduciary Rule Could Increase Portfolio Outsourcing
According to a recent Cerulli Associates report, advisors affiliated with independent broker dealers are likely to increase their outsourcing of portfolio management to home offices to help manage liabilities that may be associated with the Fiduciary Standard. So reports Insurance Net News.
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