In the News Press Release

Independent researchers seen easing DOL fiduciary burden for brokers

Publisher: InvestmentNews
August 22, 2016

David Doyle was quoted in an article, "Independent researchers seen easing DOL fiduciary burden for brokers," in InvestmentNews. In the article, Doyle says that the U.S. Department of Labor's new fiduciary rule puts pressure on broker-dealers to ensure that investors aren't being charged excessive fees for investments in retirement accounts, and that the products they're being sold are on the higher end of performance benchmarks. "To the extent they give advice, they don't have to be soothsayers or have a crystal ball about the way an investment will perform in the future," Doyle said. But "if they gave advice, the process by which they arrived at that is really important."

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