Firms that use the tool will have a way to gauge if clients are invested to their best interests.
Labor Department's Tim Hauser discusses fiduciary rule's impact on compensation.
The party is set to endorse a levy on securities sales and to defend the DOL fiduciary rule when it meets at its national convention in Philadelphia later this month.
Many professional certification programs have long demanded their advisers act in clients' best interests, and not just when working with retirement accounts.
Allianz, Voya, Symetra and Lincoln Financial are forging ahead into virtually uncharted waters for product development.
The collaboration focuses on the compliance confusion among advisers and broker-dealers caused by the DOL's fiduciary rule.
Shrinking the pool of muni sellers does not help investors
The agency posted 13 technical corrections Thursday, one of which deletes six words that have caused confusion about use of the BICE.
Confusion could be the rule's greatest by-product due to its broad and somewhat general nature.