RIAs say DOL rule delay doesn’t matter because industry is moving toward fiduciary anyway

April 5, 2017 by Jeff Benjamin

Independent financial advisers are generally shrugging off the Department of Labor’s 60-day delay of its fiduciary duty regulation, suggesting that the proverbial horse is already out of the barn.

“The delay is just delaying the inevitable,” said Shawn Blau, managing member at ATR Advisors.

“Irrespective of the DOL, the industry is moving toward requiring a fiduciary standard,” he added. “Long term, the trend is toward more fiduciary requirements.”

Click HERE to view the full story via InvestmentNews; subscription required

Originally Posted at InvestmentNews on April 5, 2017 by Jeff Benjamin.