Creative Destruction at a Broker Near You; Technology is changing the game for small investors. Here's hoping that regulation doesn't derail progress

After four years of study, the Labor Department announced in April a proposed amendment to the definition of "fiduciary" under the Employee Retirement Income Security Act. The rule would impose a strict fiduciary standard on those providing retirement advice to individual retirement accoun...

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Bibliographic Details
Published inThe Wall Street journal. Eastern edition
Main Authors Malkiel, Burton G, Nash, Adam
Format Newspaper Article
LanguageEnglish
Published New York, N.Y Dow Jones & Company Inc 04.05.2015
Subjects
Automation
Business models
Fees & charges
Investment advisors
Investment policy
Mutual funds
Personal finance
Portfolio management
Retirement plans
Securities industry
Stock brokers
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Summary:After four years of study, the Labor Department announced in April a proposed amendment to the definition of "fiduciary" under the Employee Retirement Income Security Act. The rule would impose a strict fiduciary standard on those providing retirement advice to individual retirement account (IRA) holders, and also clarify and add to existing standards for advisers to 401(k) and other retirement plans.
ISSN:2574-9579