Blass, an attorney at Ropes & Gray LLP, is an SEC alumnus who previously worked in the Investment Management division that she is being tapped to lead.
The OMB posted a notice by the Department of Labor on its website saying it plans to solicit information about the rule from the public and interested parties.
UBS Wealth Management Americas advisors now will be paid based solely on the amount of assets and not the volume of transactions or the products they recommend for retirement accounts.
Starting June 9, the same day the DOL's fiduciary rule takes effect, advisers who want to buy mutual fund class shares for retired clients will be required to buy T shares.
