In the Margins

How will DoL fiduciary rule impact mutual funds?

June 21, 2016

By Financial Planning

Mutual fund firms may be making serious adjustments in the wake of the new Department of Labor fiduciary rule. "The rule may prove to be transformative for certain products and services," Blaine Aikin, executive chairman of fi360, said at a recent conference. "Advisers are more likely to go to fee-based accounts using products with level compensation rather than have compensation tied to what products they offer," he said, adding mutual funds with sales loads and non-traded REITs that include variable compensation to advisers will require advisers to use the rule's best interest contract exemption." Read the original story from Financial Planning.




Most Read

Top of the Agenda - Legal
PIMCO 36(b) case dismissed

The parties in a 2014 lawsuit accusing PIMCO of overcharging Total Return Fund shareholders while lavishly compensating CIO Bill Gross and CEO Mohamed El-Erian agreed this week ...