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

A Seat at the Table
We've had A Seat at the Table — for 10 years

The very first independent chair we profiled for FBV was Leigh Wilson at Victory Funds, for our A Seat at the Table section. Victory Capital Management had recently redefined itself ...

Top of the Agenda - Governance
Fewer women, minorities among new fund directors

After years of making gains in filling fund board seats, women and individuals representing minority groups lost significant ground in the most recent two-year period measured ...