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Estimated cost to the financial advice market (by the financial advice market) of having to abide by the fiduciary rule - $2.4 billion https://www.investmentne
by inflatableDodo 7y ago
Estimated cost to the financial advice market (by the financial advice market) of having to abide by the fiduciary rule - $2.4 billion
https://www.investmentnews.com/article/20151230/FREE/151239992/dol-fiduciary-rule-could-take-2-4-billion-bite-out-of-financial https://www.investmentnews.com/article/20151230/FREE/1512399...
Estimated cost over the next 30 years for retirees (by the Economic Policy Institute), just from the fiduciary rule being delayed for 18 months - $10.9 billion
https://www.epi.org/publication/another-fiduciary-rule-delay-would-cost-retirement-savers-10-9-billion-over-30-years/ https://www.epi.org/publication/another-fiduciary-rule-delay...
This isn't even capitalism. This is like some John Frum cargo-cult version, being acted out by people who have heard the word 'economics' but have at best only absorbed that it is something to do with people who like money and dressing in suits.