Destination Unknown: The 2017 Broker-Dealer Presidents Poll
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.” (Click here to see the full 2017 Reference Guide, which ranks the top broker-dealers by revenue, reps, production and other metrics, as reported by the...