The prospect of a Donald Trump victory in the presidential election was considered so "farfetched" by industry stakeholders that virtually no one expected this year's election would affect the fate of the Department of Labor's fiduciary rule.

"This outcome was not war-gamed," said Rob Foregger, co-founder of NextCapital, the Chicago-based provider of automated investment platforms for 401(k) and retail investment advisors.

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Nick Thornton

Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.