Here’s how much the DOL fiduciary rule may cost the industry

January 8, 2016 by Nick Thornton

The Department of Labor’s proposed fiduciary rule will affect about $3 trillion of retirement assets and $19 billion of revenue in the financial services industry, according to analysis from Morningstar.

Morningstar’s report suggests that previous government and industry cost analyses of the rule are low.

Those estimates are focused on the expense of implementing the rule, writes Stephen Ellis, director of financial services equity research at Morningstar.

Originally Posted at LifeHealthPro on January 8, 2016 by Nick Thornton.