DOL Fiduciary News: January 31, 2017

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The fiduciary rule is coming — Here’s how investors can prepare

MarketWatch.com; Jan 30, 2017 12:12 p.m. ET

As a controversial new federal rule governing the relationships between investors and financial advisers nears adoption, financial services firms are reaching out to clients about changes to their relationships, including the investment products they offer and the fees they carry.

And investors, experts say, shouldn't wait until April — when the so-called “fiduciary rule” is set to take effect — to familiarize themselves with the ways the rule could affect their money.
(http://www.marketwatch.com)

Fiduciary update: What Trump could do and how firms are reacting

OnWall Street.com; January 30 2017, 4:22pm EST

President Trump has many in the industry on the edge of their seats, waiting to see if he'll act to stop the fiduciary rule from going into effect. Trump's made moves to rollback regulations, but has yet to touch the Department of Labor's controversial regulation. He's never spoken publicly about it, but anticipation is mounting after top executives at Raymond James and UBS said during earnings calls that the rule looks likely to be delayed.

Here's what could happen to the rule, and what major firms are actually doing in the face uncertainty over its future.
(http://www.onwallstreet.com)