Advisors Jittery As Election, DOL Rule Loom
NOVEMBER 3, 2016 | CHRISTOPHER ROBBINS | Financial Advisor
Keep the scented candles and antacids at hand.
Financial advisors are feeling most anxious about political and regulatory developments, according to the third quarter Fidelity Advisor Investment Pulse study, which was released on Thursday.
More than 28 percent of the respondents said government-related topics like the election and its bearing on the Department of Labor’s fiduciary rule were among their top concerns, according to Boston-based Fidelity Institutional Asset Management.
The U.S. presidential election is neck and neck and the future of the country is clouded. With unknowns about the enforcement of the Department of Labor’s fiduciary rule also piled on, the financial industry might need some therapy to soothe its frazzled nerves.