Thursday 8 June 2017

Brokers trim mutual fund line-ups as Fiduciary Rule takes effect

Despite numerous attempts to kill it, the so-called Fiduciary Rule goes into effect tomorrow. The DOL rule requires financial advisors to put their clients’ financial interests ahead of their own and it is causing quite a stir among broker-dealers and the “advisors” who interact directly with clients, Consumer Affairs writes. Firms large and small have


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