By a News Reporter-Staff News Editor at Investment Weekly News -- Regulatory and political developments remained top-of-mind for financial advisors in Q4 2016, according to the latest Fidelity® Advisor Investment Pulse survey.1 Advisors continued to keep their eye on the Department of Labor's (DOL) fiduciary rule on investment advice as well as the election results, with more than 32 percent surveyed citing topics relating to government and economy as areas of focus. The latest results of the Fidelity Advisor Investment Pulse survey were released by Fidelity Institutional Asset Management, a distribution and client service organization dedicated to meeting the investment needs of financial advisors, institutions, and consultants.
This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170207005956/en/ Impact of News of Potential DOL Rule Postponement (Graphic: Business Wire) With growing discussions on the DOL fiduciary rule toward the end of the year and into early 2017, Fidelity conducted a separate poll of advisors2 in January to see how a potential postponement would impact their plans to comply. According to the poll, 44 percent did not slow down their plans, while another 19 percent were proceeding only slightly slower with their plans.
"Advisors continued to focus on implementation and have firmly shifted their focus from the 'what' to the 'how,'" said Scott E. Couto, president, Fidelity Institutional Asset Management. "While they have invested time, energy and resources to understanding the rule and its implications, they have now directed their attention to what it means for their practices, including how to implement the necessary changes, regardless of any potential regulatory developments." Implementing the DOL Fiduciary Rule as an OpportunityMany advisors who took part in the Q4 Fidelity Advisor Investment Pulse survey were focused on strategic and tactical changes related to how they run their practices and work with their clients, including identifying potential new clients as they move toward more fee-based business, as well as balancing face-time with clients and the time needed to complete compliance requirements.
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