Whatever ultimately becomes of the Labor Department’s fiduciaryrule, its impact on how plan sponsors evaluate their advisors has already been felt.
According to Fidelity’s 2017 Plan Sponsor Attitudes study,nearly four in 10 employers are actively looking for a new plan advisor.
“The stakes for plan advisors have been raised,” said JordanBurgess, head of specialist field sales for Fidelity InstitutionalAsset Management. “Clearly the DOL’s rule has driven a significantlevel of focus on how sponsors evaluate 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.
