Fiduciary rule's approach dominates earnings calls
from Pensions & Investments
The impending fiduciary rule is looming over the money management industry, which experienced a mixed performance in the first quarter. Although the Department of Labor rule — which expands the definition of fiduciary investment advice but clarifies that plan sponsors can continue to provide education without triggering fiduciary duties — won't go into effect until next year, it was “one of the most, if not the most, popular topics on earnings calls,” said Christopher Shutler, a Chicago-based equity analyst with William Blair & Co., in an interview.
7701 Las Colinas Blvd., Ste. 800, Irving, TX 75063