Study: Fee-Based Advice to Soldier on Regardless of Rule Outcome

September 12, 2017 by Cyril Tuohy

Regardless of the long-term fate of the Department of Labor’s fiduciary rule, advisors in broker-dealer channels will continue shifting to fee-based products and passively managed investments, a new survey found.

Broker-dealer advisors are also expected to disengage from smaller, less profitable clients. Likewise, these advisors say they expect changes in how they manage rollovers from employer-based retirement plans, concluded the survey published Tuesday by the consulting firm Practical Perspectives.

Click HERE to read the full story via INN; subscription required. 

Originally Posted at InsuranceNewsNet on September 7, 2017 by Cyril Tuohy.