August 16, 2017
When the Department of Labor (DoL) rolled out its fiduciary duty rule last year, I (and others) noted that its likely effect would be to harm the very people it purports to protect. Unfortunately, it seems I was right.
New survey reveals only 12% of financial professionals believe Rule is helping them serve their clients’ best interest; 75% will service fewer small accounts due to increased risk, compliance costs.See the Poll >>
FSR member companies strengthen local communities by supporting over a million volunteer projects, donating over $1.1 billion dollars for the second year in a row, volunteering nearly 8 million hours, and completing close to 700,000 financial literacy projects.More Here >>