As industry awaits what insiders say is an imminent delay of the Labor Department’s fiduciary rule, one consultant says many financial institutions are planning to keep compliance protections in place even if the rule is ultimately dismantled.
“A number of our clients are saying they don’t intend to turn back,” said Jason Roberts, CEO of the Pension Resource Institute and a founder of the Retirement Law Group, which represent upwards of 90 financial institutions, accounting for 100,000 investment professionals.
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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.
