How DOL’s fiduciary will change the industry, and careers

January 5, 2016 by Melanie Waddell

Political assaults in and around Congress on the Department of Labor’s rule to amend the definition of fiduciary on retirement accounts look all but certain to fail to stop the rule in its tracks. That’s prompted the industry — on both the broker-dealer and RIA side — to gear up to help advisors and registered reps navigate how to put the rule into practice.

“For advisors who are helping their clients with retirement, there’s no way around it: This rule will have broad implications for their business and their careers,” said Dale Brown, president and CEO of the Financial Services Institute, the independent broker-dealer advisory group. Click HERE to read article 

Originally Posted at LifeHealthPro on December 31, 2015 by Melanie Waddell.