Chuck Schreiber Schreiber: “The more people know, the better off we all are, I think.”

NEWPORT BEACH, CA—The additional liability on investment advisors that the DOL’s Fiduciary Rule would create would provide greater transparency for investors and more information to help them make the right decisions, KBS‘s CEO Chuck Schreiber tells GlobeSt.com.

The rule has been the source of much anxiety and debate since its initial proposal in April 2015. While some pundits are eager to embrace the new “no load” era for real estate investors (removing hidden investment fees and other surprises), others are wondering if financial organizations will be able to survive without their current fee-based model.

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