Avoid the Woulda, Shoulda, Coulda syndrome where the DOL Fiduciary Rule is concerned
- Fee Compression: At Russell Investments, we believe that continued fee compression and transparency in investment products will persist and only get worse. Advisors who anchor their value simply on creating investment solutions will commoditize themselves right out of the business because robo-advisors will always be cheaper.
- Full Service Advice: Add to that the fact that many high net worth clients are looking for more from a full-service advisor. They are looking for financial advice across all aspects of their life and with advice comes an expectation and responsibility to act in the best interest of the client. This is the essence of Fiduciary responsibility.
- Liability: Each client represents a unit of potential litigation risk to your business. It doesn’t matter how big or how small the account is; if the client feels underserved you and your practice could be at risk.
These views are subject to change at any time based upon market or other conditions and are current as of the date at the top of the page. The information, analysis, and opinions expressed herein are for general information only and are not intended to provide specific advice or recommendations for any individual or entity.This material is not an offer, solicitation or recommendation to purchase any security. Forecasting represents predictions of market prices and/or volume patterns utilizing varying analytical data. It is not representative of a projection of the stock market, or of any specific investment. Nothing contained in this material is intended to constitute legal, tax, securities or investment advice, nor an opinion regarding the appropriateness of any investment. The general information contained in this publication should not be acted upon without obtaining specific legal, tax and investment advice from a licensed professional. Please remember that all investments carry some level of risk, including the potential loss of principal invested. They do not typically grow at an even rate of return and may experience negative growth. As with any type of portfolio structuring, attempting to reduce risk and increase return could, at certain times, unintentionally reduce returns. The information, analysis and opinions expressed herein are for general information only and are not intended to provide specific advice or recommendations for any individual entity. Russell Investments’ ownership is composed of a majority stake held by funds managed by TA Associates with minority stakes held by funds managed by Reverence Capital Partners and Russell Investments’ management. Frank Russell Company is the owner of the Russell trademarks contained in this material and all trademark rights related to the Russell trademarks, which the members of the Russell Investments group of companies are permitted to use under license from Frank Russell Company. The members of the Russell Investments group of companies are not affiliated in any manner with Frank Russell Company or any entity operating under the “FTSE RUSSELL” brand. The Russell logo is a trademark and service mark of Russell Investments. Copyright © Russell Investments Group, LLC 2017. All rights reserved. This material is proprietary and may not be reproduced, transferred, or distributed in any form without prior written permission from Russell Investments. It is delivered on an “as is” basis without warranty. Russell Investments Financial Services, LLC, member FINRA (www.finra.org), part of Russell Investments. RIFIS: 18821