Asset managers are not in financial reform's crosshairs, Keefe, Bruyette & Woods said in a report.
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KBW said it does not expect many changes for asset managers, with the caveat that a 2,000-page bill could carry some unpredictable results.
Brokers and advisers may have to follow a fiduciary standard, but KBW said that such a standard would not have a major impact on the demand for most investment products.
And it could even benefit asset managers who can get investment products on different distributors' approved lists.
