A study released in early March by two academics goes a long way in settling one of the stickier questions surrounding the fiduciary debate—namely, does a stricter fiduciary standard increase costs to the point of pricing certain registered reps out of the market.
The answer is no, according to Michael Finke and Thomas Langdon.
Finke, of Texas Tech University and University of Missouri at Columbia, and Langdon, of Roger Williams University, "find that the number of registered representatives doing business within a state as a percentage of total households does not vary significantly among states with stricter fiduciary standards."
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
