How the Fiduciary Rule May Cause a 'Disruption'
Panelists at the 2016 Morningstar Investment Conference discuss how the DOL's fiduciary rule may change the financial-services industry.
This analyst blog is part of our coverage of the 2016 Morningstar Investment Conference.
The U.S. Department of Labor's fiduciary rule is likely to challenge many established business models in the financial-services industry. The rule seems simple enough in its aim--ensuring that broker-dealers, 401(k) plan providers, and other retirement advisors are acting in their clients best interests--but questions and complexities surrounding the rule's implementation remain.