Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Regional Vice President of Sales

The Retirement Plan Company
(Remote / AL / FL / GA / MS)

The Retirement Plan Company logo

Defined Benefit Combo Cash Balance Compliance Consultant

Loren D. Stark Company (LDSCO)
(Remote)

Loren D.  Stark Company (LDSCO) logo

Loan & Distribution Specialist

AimPoint Pension
(Remote)

AimPoint Pension logo

Director of 3(16) Operations

Compass
(Remote / NH / Hybrid)

Compass logo

Retirement Plan Administrator

Bates & Company, Inc.
(Remote / Winter Park FL)

Bates & Company, Inc. logo

Business Development Director

AimPoint Pension
(Remote / Pompano Beach FL / AL / GA)

AimPoint Pension logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile app icon
LinkedIn icon     Twitter icon     Facebook icon

DOL Fiduciary Rule Price Tag: $3.9 Billion for Independent Financial Services Firms
Oxford Economics, for Financial Services Institute [FSI] Link to more items from this source
Aug. 19, 2015
"The study estimates the DOL's proposed rule will cost the independent financial services industry and investors nearly $3.9 billion in total startup costs to implement the rule -- nearly 20 times DOL's preferred cost estimate. This amount does not take into account the cost of investors' lost access to advice or the ongoing costs of maintaining compliance with the rule.... The proposed rule will result in estimated startup costs ranging from $1.1 million to $16.3 million per firm, depending on firm size.... The proposed rule will result in industry consolidation likely to force small broker-dealers out of business." [Also available: an executive summary (6 pages) and the full text of the study (39 pages).]

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title).
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above).
© 2024 BenefitsLink.com, Inc.