DC Advisors Don’t Feel Support in Wake of DOL Fiduciary Ruling

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The Department of Labor (DOL) fiduciary ruling, despite not being fully enacted, as well as the recent calls for repeal and uncertainty regarding timing, has already altered the financial services industry substantially. Heightened fee scrutiny throughout the retirement industry is causing many DC plan providers to be on the defensive, focusing on ways to avoid the next potential pitfall. And although providers may be trying, half of DC advisors report they are not getting enough support from providers with regard to the new rules and regulations. This perceived lack of support in a time of great change will undoubtedly affect advisor perceptions of and loyalty to the providers they work with regardless of the future of the ruling. Continue reading

Innovation: Ready or Not, Here It Comes

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AB_Blog_ImageThe market is strong, investors are confident, and short of a big, fat Greek economic disaster, it looks like smooth sailing ahead for financial advisors, right? Well, yes and no.

On the one hand, fewer investors are standing on the sidelines and there’s a lot more money in our economy available to invest, presumably with the help of an advisor. On the other hand, rapidly advancing technology, shifting marketplace dynamics and an array of new investment products are forcing advisors (and asset managers) to reevaluate their current business practices, and more fundamentally, to consider their relevance moving forward. Continue reading