Photo: AP

Opponents of the Department of Labor’s fiduciary rule have spoken out loud and long against its potential effects on smaller IRA accounts—but new Cerulli research may counter their arguments.

According to critics of the rule, smaller investors will lose out on personalized advice and individually tailored portfolios, since advisors unable to collect commissions for their advice will shed those smaller accounts. So those small account holders will be cast adrift, unable to access financial advice at a reasonable cost.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical 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 events.
  • Access to other award-winning ALM websites including and

Already have an account?



Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including and
  • Exclusive discounts on and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.