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Post DOL fiduciary rule, recordkeepers are key to moving small plans to fee-based model

Complying with the Labor Department's fiduciary rule will require additional work for many financial services firms.

By Nick Thornton | Updated on June 22, 2016
Complying with the Labor Department fiduciary rule will require additional work for many financial services firms, including potentially divesting of broker-dealer units and acquiring advisory units. (Image: Getty)

[Editor's note: This is a corrected version of the original story.]

The U.S. Department of Labor’s fiduciary rule doesn’t give Joel Shapiro heartburn.

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Nick Thornton

Nick Thornton

Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.

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