The DOL rule kicks in. Will independent broker-dealers survive?
When the United Kingdom implemented similar legislation a few years ago, about 40% of advisers simply left the business.
A year ago I wrote about the impacts of the Department of Labor's fiduciary standard being applied to our industry and the immense implications. Now we have two important news events with ripple effects that impact every financial adviser in the U.S.
On Oct. 6, Merrill Lynch announced they would no
Learn more about reprints and licensing for this article.
