Fintech sales take off after DOL fiduciary rule’s partial implementation

July 31, 2017 by Liz Skinner

Adviser demand for a technological answer to meeting new requirements of the DOL fiduciary rule has jumped in the three weeks since part of the retirement advice regulation was implemented.

Technology providers said interest in their fiduciary fintech had cooled following the election of President Donald J. Trump, who some speculated would scrap the best interest rule before its targeted April 10 implementation date. Instead, the Labor Department delayed it until June 9, when part of the rule went into effect while the agency continues to review the entire regulation.

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Originally Posted at InvestmentNews on June 29, 2017 by Liz Skinner.