DOL Fiduciary Rule Reportedly Delayed, but Industry Itself Is on Path to More Fiduciary Practices
While it’s been reported that the U.S. Department of Labor has requested an 18-month delay to the implementation of the second phase of its fiduciary rule to July 2019 from January 2018, we continue to see evidence that the U.S. financial industry has already begun reducing conflicts of interest between financial advisors and their clients. The delay to the rule was largely expected, as President Trump directed the Department of Labor to re-study the effects of the rule. Additionally, extra time...BlackRock is an investment management firm. The company provides a range of investment and technology services to institutional and retail clients worldwide. Products are provided directly and through intermediaries in a variety of vehicles, including open-end and closed-end mutual funds, iShares? exchange-traded funds, separate accounts, collective investment trusts and other pooled investment vehicles. The company also provides technology services, including the investment and risk management technology platform, Aladdin?, Aladdin Wealth, eFront, Cachematrix and FutureAdvisor, as well as advisory services and solutions to a base of institutional and wealth management clients.
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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