Fiduciary Standard Does Not Increase Costs, Study Says

AdvisorOne-Finke, of Texas Tech University and University of Missouri at Columbia, and Langdon, of Roger Williams University, “find that the number of registered representatives doing business within a state as a percentage of total households does not vary significantly among states with stricter fiduciary standards.”

A study released in early March by two academics goes a long way in settling one of the stickier questions surrounding the fiduciary debate—namely, does a stricter fiduciary standard increase costs to the point of pricing certain registered reps out of the market.

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Finke, of Texas Tech University and University of Missouri at Columbia, and Langdon, of Roger Williams University, “find that the number of registered representatives doing business within a state as a percentage of total households does not vary significantly among states with stricter fiduciary standards.”

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