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?”
I have been in the financial services industry for 20 years and our firm provides an education platform that gets clients to “think differently” about their financial picture. For many years we have communicated to clients the need to diversify their portfolios using alternative asset classes and more specifically, private non-traded investments. Due diligence on these types of financial vehicles is essential and when I learned about Blue Vault in 2010, our firm immediately began using their material as a tool to build confidence in the minds of our advisors on which alternatives to recommend to clients. I am impressed with the way Blue Vault continues to add value to their subscribers and I view their publication as a tremendous resource in today’s complex world.