More hate it than love it, but it's not a landslide: Advisors are divided on the new fiduciary rule proposed by the Department of Labor.
That's according to a live webinar poll conducted by Pioneer Investments, which found that, although a substantial number of advisors remain undecided about the effects of the new rule on their business, many also believe it will help both their businesses and investors.
Attendees were asked how they thought the rule would affect their businesses, and 38 percent came down on the negative side, saying it would hurt it and drive profitability down.
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