Fiduciary Fallout: Will Less Choice In Mutual Funds Help Or Hurt Retirement Savers?
While the primary casualty of the fiduciary rule – which began to take effect in June – is intended to be conflicts of interest on the part of financial advisers when it comes to their clients’ retirement accounts, today’s article identifies another potential casualty of the rule: the number of mutual funds offered by brokerage firms as they seek to…