Mr. Rostad says RIAs should be much more proactive when it comes to fiduciary.
Industry executives see the potential for changes to the rule, but say firms would be wise to continue to work toward the scheduled April implementation.
<i>Breakfast with Benjamin</i> Plan to default on $1 billion worth of general obligation bonds has markets on alert.
While passive investing and the DOL fiduciary rule have contributed to investors' cost sensitivity, the advice industry has managed to stay outside the fray &mdash; so far.
Founders of The Filla Latzke Group pull stakes
Analysts, advisers struggle with when, where and why to use alts
Also remind clients that performance is “manager-dependent instead of market-dependent,” says Blackstone's Avi Sharon.
The firm's chief investment strategist says traditional investing strategies like the 60-40 portfolio are outdated and risky.
Broker won Wall Street Journal contest with his estimate of 306 votes for the Donald.
Plus: The Fed hints yet again, Wunderlich Securities brings in $500M, and Credit Suisse shutters leveraged/inverse oil ETNs