| Connected Entity | Relationship Type |
Strength
(mentions)
|
Documents | Actions |
|---|---|---|---|---|
|
person
Fiduciary Rule
|
Political regulatory influence |
5
|
1 |
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.
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