Summary: According to Fidelity’s survey, over half of investment advisors are bracing for an onslaught of paperwork and compliance tasks as a result of the change. Three out of four believe the rule—which would require advisors of retirement accounts to act under a fiduciary standard—will increase the cost of servicing clients
 Many registered investment advisors—who are already held to a fiduciary standard under the Investment Advisors Act—are also seeing the rule as challenging, particularly its impact on their rollover and IRA business.”Tom Corra, chief operating officer, Fidelity Clearing & Custody Solutions
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