Where Donald Trump stands on top financial adviser issues
From regulation to tax and entitlement reform, these are the central decisions that will affect financial planners and clients in the years to come
Nov 9, 2016 @ 1:31 pm | By Mark Schoeff Jr. | Investment News
Donald Trump’s victory in Tuesday’s election has advisers and others in the financial services field wondering what comes next. The president-elect gave few clues about issues important to them during his campaign against Democratic nominee Hillary Clinton, choosing instead to focus more on personality than substance..
Still, many signature accomplishments of the Obama administration, such as a Labor Department rule to raise investment advice standards for retirement accounts, the Dodd-Frank financial reform act and the health-care reform law are now threatened.
“No one knows what’s going to happen,” said Jason Rosenstock, a partner at ThornRun Partners, a government relations firm. “A Trump administration is a wildcard. It would be fair game on the entire Obama legacy.”