Republican presidential nominee is a foe of regulation and has offered a tax plan that could appeal to advisers.
The Securities and Exchange Commission chairwoman said the agencies are separate, with different mandates.
Group's recommendations include showing fees in dollar amounts on customer account statements.
Witnesses for and against the Labor Department's fiduciary proposal, including SIFMA's Ken Bentsen Jr., square off over the rule requiring brokers to act in clients' best interests.
Prominent Wall Street critic says four firms may be violating securities laws by sending misleading signals to investors about the rule's impact on business.
The president's goal is over a five-year period, with an increase of 11% for fiscal 2017. Taxes, including for capital gains, also would increase under the new budget proposal.
The comment period for the rule, which was introduced in December, closed on Monday.
Regulator launches target examination to assess compliance values and how they influence brokerages' ability to adhere to securities rules.
One says isolationist policies could be bad for economic growth, but another likes his stand on tax reform.
The North American Securities Administrators Association will make Senior$afe available to its members next month.
