Fiduciary Rule or Not, Brokerages Adopt the Fee-Based Model

Commentary on the Wall Street Journal article by Michael Wursthorn The Labor Department’s fiduciary rule may be delayed, but wealth management firms are already embracing the fee-based model the rule would favor, the Wall Street Journal writes. Wirehouses Transition from Commissions to Fees Fee-based assets rose by a record $29.2 billion in the first quarter

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