There's concern in the bank channel that the pending fiduciary proposal was based, in large part, on misgivings over advisor pay. And the way those misgivings play out could be a major detriment, ironically, to the small-time investors that the rule was initially trying to protect.
As the fiduciary proposal creeps closer to becoming a rule, I was reminded of related topics that surfaced in our recent Leadership Forum as well as the annual BISA conference.
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