President Elect Trump

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person Fiduciary Rule
Political regulatory influence
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HOUSE_OVERSIGHT_014364.jpg

This document presents two charts from a BofA Merrill Lynch report, surveying the expected impact of the Department of Labor's (DOL) fiduciary rule on the brokerage and asset management industries. Overwhelming majorities (83% and 91% respectively) believe the rule will cause multiple meaningful changes, including pricing pressure and a shift from active to passive investing. The text also notes that the incoming Trump administration's stance on the rule is unknown, but a delay is considered the most likely action, drawing a parallel to a similar situation between the Bush and Obama administrations.

A page from a financial conference report analyzing the impact of the dol's fiduciary rule.
2025-11-19
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