More hate it than love it, but it's not a landslide: Advisors are divided on the new fiduciary rule proposed by the Department of Labor.
That's according to a live webinar poll conducted by Pioneer Investments, which found that, although a substantial number of advisors remain undecided about the effects of the new rule on their business, many also believe it will help both their businesses and investors.
Attendees were asked how they thought the rule would affect their businesses, and 38 percent came down on the negative side, saying it would hurt it and drive profitability down.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
