Search
 

DOL rule could increase home office discretion

As firms seek to lower their risk from the DOL rule, executives at managed account firms are looking for ways to limit the discretion of advisors.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
As firms seek to lower their risk from the DOL rule, executives at managed account firms are looking for ways to limit the discretion of advisors. (Photo: Shutterstock)

A new Cerulli report says that firms adding compliance and monitoring capabilities to their rep-as-portfolio-manager platforms are making the unpleasant discovery that a significant number of advisors “do a poor job of steering client assets.”

Related: How the top 5 TDF providers manage equity risk

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

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

  • Critical BenefitsPRO.com 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 BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

 

Recommended Stories

The future of open enrollment is here

The future of open enrollment is here

Sarah Oliver |

The pandemic has led to an explosion of new voluntary benefit offerings and features as well as new benefits technology.

BenefitsPRO

Join BenefitsPRO

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

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

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.