DOL Rule Affects More Than Advice, Execs Say

July 31, 2015 by Cyril Tuohy

A revised fiduciary standard for retirement accounts will affect more than the way advice is given to clients, according to corporate executives from the financial services industry. They say the rule would have an imprint on everything from product development to information technology to the revenue volume generated by individual business segments.

The statements from executives were gleaned from an early batch of earnings calls with analysts. Their comments provide a glimpse of how the sweeping rule — if approved — would affect the operational “nuts and bolts” of companies in the financial services advisory business. Click here to read…

Originally Posted at InsuranceNewsNet on July 27, 2015 by Cyril Tuohy.