Product Menu and Pricing under the DoL Rule: Survey Summary



Bank broker dealers are examining their product offerings and how they are priced as they gear up to comply with the Department of Labor’s Fiduciary Standard for retirement accounts. To learn how their product menus will change, we asked bank and third party BDs whether they planned to offer different product menus for qualified and non-qualified accounts.

For each product line offered in retirement accounts, we asked what “reasonable” sales compensation they expected to receive, and whether they planned to provide multiple commission options to their advisors and offer products with different sales compensation levels within a broad product category.

To find out what we learned from 17 bank broker dealers and 3 third party BDs – which collectively employ over 6,000 advisors — you need to purchase the Kehrer Bielan Product Menu and Pricing under the DoL Rule: Survey Summary.