Fiduciary Rule Could Create Big Increase in Orphan Brokerage Accounts
- Sunday, 31 January 2016
- Regulatory & Compliance
The Department of Labor’s proposed fiduciary standard could create a big increase in orphan accounts, which are accounts that end up being managed by home offices rather than by broker-dealers registered reps, says Paul Sankovich, chief compliance officer at Wells Fargo Advisors Financial Network. So reports Wealth Management. Read more...
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