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fi360's Blaine Aikin: DOL's Fiduciary Rule 'Takes Advisors to a Fork in the Road'
Fiduciary News; registration may be required
[Opinion] Oct. 18, 2016
"[T]he Rule is serving as a catalyst for needed change in the overall field of professional investment advice, not just in the retirement space.... We have great practitioners in every segment and business model within financial services, but we have been operating in a broken system when it comes to advice. We have been trying to build our profession on an unstable foundation when we have two different standards of conduct for practitioners. A strong foundation for professional advice requires a consistent culture of fiduciary responsibility and enforceable adherence to the fiduciary duties of loyalty and care."
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