State plans would not be subject to ERISA, which some in the industry fear will give them a leg up on private plans.
New regulation was catalyst for broker-dealer to impose uniformity, says LPL Financial's Mark Casady.
In first of five lawsuits against the measure, federal judge Randolph Moss not likely to grant preliminary injunction sought by the National Association of Fixed Annuities.
To move from DOL compliance to transformation, you will need to focus on several key issues to drive the speed and effectiveness of these changes within your business.
The depth and breadth of the new DOL fiduciary rules requires all firms to consider outsourcing aspects of their practices and/or adding new technology.
Trend toward low-cost passive mutual funds will reduce margins.
Broker-dealers may take cue from Wall Street maneuvers as regulatory pressure builds.
Revised revenue allowances and other adjustments, originally praised by advisers, are turning out to be less advantageous than expected.
The Labor Department needs to provide additional guidance regarding these irregularities in time for advisers to plan accordingly.
Because platform initially will be offered through B-Ds, firm doesn't see it undercutting plan advisers' business, though it has considered going direct to plan sponsors.