Advisors may revamp their practices in wake of DOL rule

August 15, 2016 by LifeHealthPro Editors

The new Department of Labor (DOL) fiduciary rule has most advisors considering changes to their business model as they wait to learn their firm’s new compliance procedures, according to a new survey.

Nationwide disclosed this finding in its “Countdown to Implementation” study of 622 financial advisors representing a mix of distribution channels, tenure and production. Administered by a third-party research firm in May, the advisor survey will provide a quarterly snapshot of the progress the industry is making to implement the new rule.

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Originally Posted at LifeHealthPro on August 15, 2016 by LifeHealthPro Editors.