In the Margins

Fiduciary rule a boon for Wall Street

August 14, 2017

By The Wall Street Journal

So far, the Department of Labor's fiduciary rule has been a win for Wall Street. Firms are pushing customers toward accounts that charge an annual fee on their assets, rather than commissions that can violate the rule, and such fee-based accounts have long been more lucrative for the industry. In earnings calls, executives are citing the rule as a boon. Read the original story from The Wall Street Journal.



Most Read

Top of the Agenda - Governance
Schwab Funds board recruits ahead of retirement

The board overseeing mutual and exchange-traded funds managed by Charles Schwab Investment Management is in recruitment mode to fill a seat that will be vacated by ...