SURVEY SAYS: ASSET MANAGERS PREP FOR NEW FIDUCIARY STANDARDS
Thursday 9/22/2016 17:00:47 EST - Standard & Poor's

Advisors and investors should expect changes to the fund universe ahead of and following implementation of the Department of Labor's Conflict of Interest Rule (the Rule). This is one of the takeaways from the September 2016 S&P Global Market Intelligence survey of its asset management and financial advisory client base.

The Rule, announced in April 2016 and to be initially implemented in April 2017, requires all who provide retirement investment advice to abide by a fiduciary standa...