Final takeaway @DOL hearing: I felt like I was standing near the south end of a north-facing bull at times. Wall St. smelly.
— Ron Rhoades,JD,CFP® (@140ltd) August 11, 2015DOL #fiduciary rule will "reduce choice and increase cost, and individual savers will have a more complex and confusing landscape" – Bentsen
— SIFMA (@SIFMA) August 10, 2015#GotFiduciary #saveourretirement Prof REUTER: BROKER-SOLD FUNDS UNDERPERFORM BY 2% PER YR! THAT IS HUGE OVER 30-40 YRS RETRMNT INVESTING!
— Kate McBride (@KMcBride_Wealth) August 11, 2015Tim Hauser has obviously replaced Phyllis Borzi as the lead DOL staffer on the #fiduciary rule. No explanation from DOL why @FAmagazine
— Ted Knutson (@TedKnutsonDC) August 11, 2015I am right now hearing some insurance industry type rationalize commissions on annuities. #fiduciary
— Helaine Olen (@helaineolen) August 11, 2015New #fiduciary rules give bureaucrats more control over your #retirement savings. Take action: http://t.co/5zKKUrvFz6 pic.twitter.com/6npUWWRIQB
— U.S. Chamber Action (@USChamberAction) August 11, 2015DOL hearing: biased industry economists find no problem with biased advice
— Barbara Roper (@BarbaraRoper1) August 11, 2015.@IRIonline chairman and @AXA exec Nick Lane: In aftermath of @USDOL #fiduciary, 'average American is left with a website' for advice.
— Mark Schoeff Jr. (@MarkSchoeff) August 10, 2015"[fiduciary] rule [makes] advice much more expensive" - only a problem if you believe current "advice" has any value
http://t.co/SjwajqiHig
— Joseph Nathan Cohen (@jncohen) August 11, 2015DOL's fiduciary rule will make financial services less accessible & less affordable to those who need them most. https://t.co/cDT0B4DcaO
— David Jolly (@USRepDavidJolly) July 9, 2015
The capital most families plan to pass on will likely arrive too late to change anything.
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