"87 percent of advisors are considering changes to how they do business.... 43 percent may plan to expand services offered to more holistic planning and 26 percent may plan to focus on non-qualified accounts.... Just 42 percent of advisors say they are aware of their firm's timeline for implementation or what training or support the firm will provide, while only a third (33 percent) are aware of their firm's new compliance procedures.... Only 23 percent of advisors are aware of their firms' plans with respect to adoption of the BICE to sell variable compensation products. At the same time, 78 percent identified the BICE as one of the greatest areas of impact to their business."

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