So much is still unknown about President-elect Donald Trump’s plans for our country, but most are hopeful, or fearful, that there will be major changes. Most are concerned over what will happen with the impending Department of Labor’s fiduciary rule for advisors to retirement accounts. Trump’s win sees the possibility of repeal, changing the outlook of the industry. Ultimately, the possibility of imposing a uniform fiduciary standard seems remote with its immediacy, but the proposed rule for making business succession plans mandatory will most likely propel.
See David Armstrong, Fiduciary Rule Likely to Survive Trump Presidency, Wealth Management, November 9, 2016.
