Particularly, several insurance carriers with affiliated broker - dealer networks have indicated that they will attempt to comply with the best interest contract exemption, rather than exiting certain lines of business. (thinkadvisor.com)
The proposed fiduciary rule creates a best interest contract exemption, which is a contract that the advisor will have to present to a potential client. (thinkadvisor.com)
This structure generates concern both that the advisor's compensation may not be reasonable and that the advisor may not be able to satisfy the stringent requirements of the best interest contract exemption. (thinkadvisor.com)