DOL fiduciary rule’s ‘grandfathering’ exemption may be lost by changing firms
Regulatory experts say there's a strong likelihood advisers would lose the grandfathering exemption granted under the fiduciary measure simply by switching firms.
Advisers banking on “grandfathering” pre-existing investments in retirement accounts under the Labor Department's fiduciary rule may not be able to rely on the provision indefinitely.
As it turns out, industry executives and regulatory experts believe advisers switching firms could lose
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