The 60-Day Department of Labor Fiduciary Rule Delay Definitely Doesn’t Mean Dead
To us, the actual text and tone of the Department of Labor’s 60-day delay of the applicability date of the fiduciary rule indicate that the Department still believes that its rule benefits retirement investors and that financial industry firms should be ready for the new June 9 applicability date. While acknowledging that conducting an updated legal and economic analysis will likely take more than 60 days, the Department writes on page 19, “Applying the Rule and the Impartial Conduct Standards a...Ameriprise Financial is a holding company. Through its subsidiaries, the company provides a range of products and services to individual and institutional clients. The company's segments are: Advice and Wealth Management, which provides financial planning and advice, as well as brokerage services, to retail clients through its advisors; Asset Management, which provides investment management, advice and products to clients through the Columbia Threadneedle Investments? brand; Annuities, which provides variable and fixed annuity products to clients; and Protection, which provides products to address the protection and risk management needs of the company's retail clients including life, disability income insurance.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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