Trump Administration's Agenda Affects Wealth Management

There’s little doubt that President Trump will carry through on the many promises that he made during the campaign that affect individuals, investors and advisors in the Wealth Management Industry.  Corporations, too, were identified by then-candidate Trump as in need of rescue from what he viewed as eight years of unfavorable tax and other economic policies.  What progress will be made in the first 100 days; the first year; or before 2018 Congressional elections is anybody’s guess.  Here are a few guesses, though, on issues and possible timetables: 

1. DOL fiduciary rule.  Nothing about the President, his cabinet members or appointments to the SEC or economic advisors suggests support for the DOL The President’s Executive Action on February 2, delaying implementation of the fiduciary rule rolled out by Labor Secretary Perez during the Obama administration, confirms that view.  Delayed implementation by two years effectively could kill the rule altogether.  The