Morningstar’s Christine Benz did a nice interview of Michael Kitces on the winners and losers of the new DOL’s Fiduciary Rule. It’s certainly worth a look.

Over the new few year’s we should see some interesting changes. This quote says it all:

The biggest losers in this are just simply put… products that didn’t have great performance and results in the first place, that were relying on wholesalers and commissions to incentivize sales people to sell them.

Rich Feight, CFP
Rich Feight, CFP

Hi, I'm Rich Feight I'm a fee-only Certified Financial Planner, successful business owner, and self-made millionaire that knows how to beat the system and become wealthy. I have a lot of clients that have done it too. I'm also pretty good at finding that ever-elusive work/life balance so many of us strive for. Lucky for you I have an abundant mindset and give all my knowledge away on my blog. So if you want to know what it takes to become a millionaire, follow me.

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