If the April 2017 applicability date for the DOL fiduciary rule is unchanged by the incomingTrump administration, advisors will have to make a choice: whetherto pursue employer-sponsored retirement plan business or engage intraditional wealth management.
That’s according to the fourth-quarter issue of The Cerulli Edge—Retirement Edition, in whichthe consulting firm says that all advisors serving the retirementmarket, whether they provide investment advice to small retirementplans (less than $50 million in assets), plan participants and/orhealth savings accounts, will become ERISA fiduciaries.
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