Washington, D.C. partner and former Assistant Secretary of Labor for Employee Benefits Brad Campbell served as moderator for “Fiduciary Duty: Assessing the Real World Impact” on September 7. The event was hosted by the U.S. Chamber of Commerce and Center for Capital Markets Competitiveness and featured an interactive discussion on the Department of Labor’s Fiduciary Rule.
Participants discussed data collected regarding the rule’s impact on investors in the marketplace, including limited product choices, higher fees and possible legislative solutions.
Brad moderated the second panel, “Advisor Perspectives,” and stated that while the rule is almost seven years old, there are now real-world examples from advisors about the effects of the rule on their clients and relationships. Joe Cope of Cope Connelly, Jamie Cox of Harris Financial Group, Dean Harman of Harman Wealth Management and Deborah Koller of Koller Financial Services also served on the panel. Rep. Ann Wagner provided the keynote address.
Watch the discussion here.