If there's one thing that both supporters and critics of the Labor Department's proposed fiduciary rule share in common, it's a belief that the rule would have a profound impact on retirement advice in America.

"When you put this in the context of rule changes that have occurred since the financial crisis, this would rank at the top," notes James Allen, CEO of Hilliard Lyons, a wealth management firm with more than 400 advisors.

Register or login for access to this item and much more

All Employee Benefit Adviser content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access