Family Investment Center CEO Speaks Out on Impending Fiduciary Rule

Family Investment Center

It’s difficult to put this genie back in the bottle,” Danford said of the impending rule and action by the DOL. “Consumers want protection and Wall Street looks bad fighting it.

It’s been more than two years since the Obama White House offered a report on the cost of conflicted investment advice to investors throughout the country, which spurred a Department of Labor investigation and the possibility of a new fiduciary rule. Despite the current administration’s reluctance to embrace those findings, the Department of Labor (DOL) began implementing the rule in early June 2017.

Essentially, the rule says…

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