Loan & Distribution Specialist AimPoint Pension
|
Compass
|
Hall County Government
|
AimPoint Pension
|
Regional Vice President of Sales The Retirement Plan Company
|
Bates & Company, Inc.
|
Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
Fiduciary Duty and the Market for Financial Advice
National Bureau of Economic Research [NBER]; purchase required for full document May 20, 2019
"[I]mposing fiduciary duty on broker-dealers shifts the set of products they sell to consumers, away from variable annuities and towards fixed indexed annuities. Within variable annuities, fiduciary duty induces a shift towards lower-fee, higher-return annuities with a wider array of investment options.... [The authors] find evidence that fiduciary duty does not solely increase the cost of doing business but that it has the intended effect of directly impacting financial advice."
|
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). |