Department of Labor’s Retirement Security Rule: Advisor Sentiment

Survey Key Findings 

DPL Financial Partners conducted a survey of financial professionals to measure sentiment regarding the Department of Labor’s Retirement Security Rule. The survey found broad agreement among respondents that insurance brokers who provide retirement planning services should be held to a fiduciary standard. Perhaps not surprisingly, fee-only advisors were more likely to strongly agree with the need for a fiduciary standard, but even hybrid RIAs and broker-dealer representatives were more likely than not to agree that a standard is needed.