Guest Columnist Ron Rhoades

The short scoop on Wall Street's claim that the DOL rule is too long

Ron Rhoades: Any 'complexity' ... is the direct result of their own appeal to the DOL to adapt the fiduciary principle to the conflicted compensation practices of the B-Ds and insurance companies.

Ron Rhoades

<p>The past two years have been some of the most momentous in the relatively short history of the RIA profession. Legislators and regulators have been gradually embracing the fiduciary standard, though whether it will fully apply to everyone calling themselves advisors remains to be seen.</p>

<p>The Department of Labor’s crusade to lower costs and increase transparency in retirement plans means a spate of new regulations affecting advisors and brokers in that market. Dodd-Frank Financial Reform, meanwhile, continues to unroll across the profession, with the biggest change being a shift to state oversight of RIAs with less than $100 million AUM. In this section, you’ll find continually updated RIABiz.com coverage on all these topics.</p>

RIA Compliance

The core of the Labor Dept's rule is 237 words; blame the prolix portion on exemptions accorded to complainers' interests

The short scoop on Wall Street's claim that the DOL rule is too long

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The short scoop on Wall Street's claim that the DOL rule is too long

RIABiz Directory

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