The fiduciary rule shouldn't apply just to retirement accounts; it should apply to all investment accounts, no matter the size and type.
The DOL sent two documents to the Office of Management and Budget seeking to delay the fiduciary rule for 180 days and seek new public comment on the rule.
Dropping the fiduciary rule at this point is a lose-lose proposition.
Many industry executives expect the trend towards fiduciary standards of advice to continue, driven by market forces if not regulatory action. Others are not so sure.