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Advisors feel misgivings about DOL rule, according to LIMRA study

Advisors say the DOL fiduciary rule will likely deter them from serving small investors, according to a LIMRA study.

By Marlene Y. Satter | Updated on May 09, 2016
Photo: Getty

Advisors may be considering bowing out from serving small investors, thanks to the Department of Labor’s new fiduciary rule. In a study conducted by the LIMRA Secure Retirement Institute, when asked about the potential impact of the fiduciary rule the majority of advisors—55 percent—said that it will likely deter them from serving small investors; half say they will stop handling small rollover business.

Read: 8 fiduciary rule FAQs for plan advisors

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