The DOL rule’s looming implementation deadlines are triggering survival instincts among many advisors. That instinctive reaction will dictate who will succeed in shifting with the advisory curve.
As the DOL fiduciary rule’s April 2017 implementation deadline looms (recent attempts to delay it notwithstanding), make sure you’re prioritizing your time and energy appropriately.
As clients, advisors, and regulations evolve, a dedicated eye toward delivering an optimized client experience and portfolio will benefit advisors who execute at the highest levels.
This is the third in our series of posts focusing on the four pillars of a sustainable advisory business in response to the DOL’s new “fiduciary” rule and other factors shifting the competitive landscape for advisors. In this post, we focus on the importance of advisors documenting their key processes.
The DOL’s new “fiduciary” rule is just the latest factor shifting the competitive landscape for advisors. Advisors who embrace the necessary changes as a result of the final DOL proposal—by streamlining their set of products – are likely to achieve the greatest degree of success in a post-DOL world.
The latest Financial Professional Outlook (FPO) survey suggests volatility may be impacting advisors’ ability to address aging client base, regulatory hurdles, succession planning, and other potential threats to the sustainability of their practice.
The DOL’s new “fiduciary” rule is just the latest factor shifting the competitive landscape for advisors. Those who adapt – by managing four pillars of a sustainable advisory business – are likely to achieve the greatest degree of success in a post-DOL world. The first pillar is having a manageable number of households.