Industry Taking A Skittish Stance On DOL Rule
February 26, 2016 by John Hilton
Riskalyze is working with a bank channel client overseeing 87,000 accounts in individual retirement accounts. The client is unsure what to do about the impending Department of Labor fiduciary rule.
Half of the accounts contain $5,000 or less, said Aaron Klein, CEO of Riskalyze, an Auburn, Calif., firm that measures investing risk quantitatively.
The problem facing the client is a familiar fear for the financial services industry: how to comply with the costly disclosure requirements of the fiduciary rule when the accounts might not even be worth the effort. Click HERE to view article
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