The fiduciary rule has been widely described, and feared, as landscape-changing for banks and advisers. Many in the industry initially seemed to simply put their heads in the sand and hope it would never come to fruition.
Now that the industry has had a chance to digest the news, hear what the banks expect to see as the ramifications of this watershed moment. What will be entailed in the BIC exemption? What will happen to the revenue generated by bank advisors? And where is adviser compensation headed in the bank channel?
We discussed these issues, among others, in our most recent Industry Leadership Forum, but if you didn’t get a chance to attend (or even if you did), listen to our webinar on Aug. 22 to hear the latest and learn how others in the channel are adjusting to the new landscape.