Advisors Are Learning The Fiduciary Rules Impact:Watch Your Step


As 2016 draws to a close, advisers are normally preoccupied with the yearly wirehouse payout tweaking rituals. But this year is different.

All eyes are focused on how broker-dealers will respond to the new fiduciary rule adopted by the Department of Labor this year. The key question: Will broker-dealers allow advisers to avail themselves of the best interest contract exemption so they can make commission trades in retirement accounts?

So how are advisers coping with the new rules?

Read my On Wall Street article.

Photo: Aaron Goodwin