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...Morgan Stanley is a financial holding company. Through its subsidiaries and affiliates, the company advises, and originates, trades, manages and distributes capital for, governments, institutions and individuals. The company's segments are: Institutional Securities, which provides investment banking, sales and trading, lending and other services; Wealth Management, which provides brokerage and investment advisory services, financial and wealth planning services, stock plan administration services, annuity and insurance products, residential real estate loans and other lending products, banking, and retirement plan services; and Investment Management, which provides investment strategies and products.
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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