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.