51% of advisers see DOL fiduciary rule benefiting business

April 22, 2016

Sentiment improved from 2015 when only 27% of advisers saw the regulation helping business

Apr 21, 2016 @ 7:00 am | By Christine Idzelis | Investment News

Just over half of the financial advisers polled a week after the Labor Department released its fiduciary rule think it will be good for business as it will level the playing field for retirement account advice.

Asset manager Pioneer Investments surveyed 861 financial advisers in all 50 states who work for wirehouses, broker-dealers, independent advisory firms and companies with an insurance-based business model. The poll was taken live during Pioneer’s April 13 webinar, “The Fiduciary Regulation is Here… Are You Ready?”

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Matthew C. Strife
Blue Vault Services
April 11, 2016

Blue Vault's services are without question great resources for the review of the nontraded products offered.