As we are all aware, implementation of the DOL Fiduciary Rule has again been delayed by another 18 months and its viability is looking weaker by the day.

Those of you who have been following my guidance on the DOL Rule and the fiduciary movement know that I have predicted failure of the DOL Rule and its replacement by a comprehensive Fiduciary Rule that will appropriately be crafted by the Securities Exchange Commission (SEC). It appears that we have moved a step closer.