DOL Rule Won't Disrupt Business, Say Fiduciary Advocates

Financial Advisor - Advisors shouldn’t see a major disruption of their businesses as a result of the DOL fiduciary rule, according to several members of the Committee for the Fiduciary Standard.

"There will be a little more documentation, but [the rule is] not to prevent us from doing business," said Deena Katz, associate professor in the personal financial planning program at Texas Tech University. "It's not going to stop us from doing commissions. ... It isn't going to change your business model unless you intend to."

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