The Fiduciary Rule Goes Live at Long Last. @BarronsOnline features @HDelux as contrarian.

There will be holdouts. “By and large, absent a government mandate, you’ll find firms holding strong and trying not to deliver advice under a fiduciary standard,” predicts Brian Hamburger, president and CEO of MarketCounsel, a business and regulatory consulting firm for investment advisors. He believes most firms will stick to the status quo unless forced to change, because the old ways are more profitable.

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