Fund House: Regulatory Reform Overload

Your clients aren't the only ones confused about recent regulatory reforms. Turns out, so are some of you advisors. Nearly one in five advisors is unfamiliar with the Dodd-Frank law, according to a survey from ByAllAccounts, a maker of account aggregation software. But a third of advisors surveyed agreed that all this reform will mean more spending on compliance costs. (See related story on page 93.)