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DOL rule will bring product, platform innovation

The Department of Labors proposed conflict of interest rule, also known as the fiduciary rule, has the potential to create innovation in the finance industry.

By Marlene Y. Satter | Updated on March 21, 2016
Photo: AP

There might be a lot of concern over the Department of Labor’s proposed conflict of interest rule, but not for Cerulli, which sees it as offering the potential for innovation within the industry.

The consultant believes that the rule will “force a period of product and platform innovation” in the U.S. even as it compels firms to change the way they conduct business.

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