In the Margins

Is fiduciary rule reason for Morgan Stanley, Vanguard breakup?

May 9, 2017

By InvestmentNews

Morgan Stanley's decision to eliminate new sales of Vanguard Group mutual funds appears to reduce a potential conflict under the Department of Labor's fiduciary rule. "It's possible Morgan Stanley did it because Vanguard is not paying for shelf space, but the company has to treat everyone the same now" because of the DOL's rule, said one Morgan Stanley adviser, who declined to be named and said he did not have any direct insight into the firm's thinking. Read the original story from InvestmentNews.

 

 

Most Read

Top of the Agenda - Industry Groups
MFDF's Susan Wyderko to retire in 2020

Susan Wyderko will retire from her position as president and CEO of Mutual Fund Directors Forum in the fall of 2020. When she steps down next ...