Insurance Firms Most At Risk From DOL Fiduciary Rule

December 22, 2015 by Registered Rep

Insurance broker/dealers have the most to lose from the Department of Labor’s fiduciary rule because of their dependence on commissions, proprietary products and individual retirement accounts, according to a new report by Cerulli Associates.

“These advisors are most dependent on middle market clients and therefore most dependent on IRAs as the source of business,” said Bing Waldert, director at Cerulli.

“These are also firms that classically haven’t made major infrastructure investments in their broker/dealer.” Click HERE to view article 

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Originally Posted at InsuranceNewsNet on December 22, 2015 by Registered Rep.