Just wanted to hear people's thoughts on the DOL Fiduciary rule that is scheduled to be phased in April.
Some questions I had for experienced folks in the AM industry..
- How much of an impact will this be in the AM industry?
- Are financial professionals now forced to increase fees due to the strict limitation they have on providing "sound" investment guidance (for client's best interest), and in result no longer servicing clients with smaller portfolios? Will this be a downturn for middle-class Americans who now need to pay higher fees to invest their 401K/IRAs?
- Do you think Congress will turn this down, further delaying the rule to be enacted or potentially have a presidential veto?
Love to hear your thoughts!
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Anybody? models_and_bottles thebrofessor @therock555"
Thought it was slated to be nixed as part of 'curbing new regs'...
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