Sorry you've got it backwards. Wall Street spent millions fighting it
The small investor as well as bigger were being sold high commission products.
Schwab, Vanguard, and other fiduciary custodians, and advisors associated with them, are seen billions switching away from the bank/broker cartel.
Big Wall Street brokers are losing many top producers who are becoming fiduciary advisors.
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In response to this post by WestEndHokie39)
Link: Here's the proof
Posted: 06/06/2018 at 11:09AM