Report
Stephen Ellis
EUR 98.48 For Business Accounts Only

Department of Labor Affirms That Fiduciary Standard Will Begin Phasing in June 9

Financial sector firms will have to gear up for implementation of the U.S. Department of Labor’s conflict of interest rule, as it’s been affirmed that major portions of the fiduciary rule will become applicable June 9. On that day, those providing advice on retirement assets will be considered fiduciaries and will have to comply with the impartial conduct standards of the rule to receive particular forms of compensation, such as commissions. Some of the more operationally intensive aspects of th...
Underlying
Blackstone Group Inc.

Blackstone Group, together with its subsidiaries, is a global manager of private capital. The alternative asset management business includes the management of private equity funds, real estate funds, real estate investment trusts, funds of hedge funds, hedge funds, credit-focused funds, collateralized loan obligation vehicles, separately managed accounts and registered investment companies (collectively referred to as the Blackstone Funds). The company's business is organized into four segments: Real Estate, Private Equity, Hedge Fund Solutions and Credit.

Provider
Morningstar
Morningstar

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.

We have operations in 27 countries.

Analysts
Stephen Ellis

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