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.