Survey: advisors fear consequences of DOL fiduciary rule

September 6, 2016 by LifeHealthPro Editors

The potential for “unlimited liability” under DOL rules is generating significant levels of anxiety among advisors, worry about being found liable for investment losses due to unintentional or unforeseeable events.

This is a key finding of a new survey from Market Strategies International unit Cogent Wealth Reports. Conducted in mid-June, the survey polled financial advisors with $25 million plus in assets under management and more than 5 years of industry experience, as well as investors with over $100,000 in investable assets.

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Originally Posted at LifeHealthPro on September 6, 2016 by LifeHealthPro Editors.