Destination Unknown: The 2017 Broker-Dealer Presidents Poll
20:02 05 June
in In the News
May 29, 2017
By Janet Levaux and Liana Roberts, June issue of Investment Advisor Magazine and ThinkAdvisor
Despite the complexity and ambiguity of Labor’s fiduciary rule, broker-dealer leaders remain cautiously upbeat
Even with the tremendous level of complexity and ambiguity tied to the Department of Labor’s fiduciary rule, broker-dealer leaders remain cautiously upbeat about the business model and its future. Our yearly survey of independent broker-dealer presidents shows the industry is at a crossroads. Regardless of what happens ultimately with the DOL’s delayed fiduciary rule, most BDs are moving to comply with it. As one executive said, “Even if it never gets implemented, it has changed the industry forever.”
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