Fiduciary Standards, Yes. DOL Rule, Maybe

By Sean Forbes

“It is extremely difficult to get individual firms to commit to a clear position on the fiduciary rule,” Seth Rosenbloom, associate general counsel for New York-based Betterment, told Bloomberg BNA. “One common tactic, which is evident here, is to provide a general statement about the importance of the rule’s objectives, but no clear commitment to its actual implementation.”

And that suggests that the fight will go on.

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This article originally published February 8th, 2017 on Bloomberg BNA.