The Department of Labor’s new fiduciary rule will require full compliance by 2018, and some experts predict the ETF market to triple within a few years as a result. The 401(k)
marketplace’s shift to index and passive funds has been about 10 years in the making, but the fiduciary rule has highlighted the movement.
The fiduciary rule was designed to protect and assist those saving for retirement. Now, the law of unintended consequences is placing additional pressure on investment advisors in the 401(k) marketplace.