By Tom Embrogno via Iris.xyz

All industries evolve and the Financial Services industry is bracing for a tidal wave of change that is over twenty years in the making.

The applicability date for the DOL Fiduciary Rule is April 10, 2017. In an industry that has been trying to adopt true digital processing for over two decades, this rule presents a significant push for change and significant challenges for Broker-Dealers, particularly those who continue to rely on home-grown, slow moving legacy systems, and those who have not been successful with transitioning their advisory force to digital processing. With less than eight months left, will firms be able to jump the Great Broker-Dealer Chasm of 2017 or will they fall into the divide?