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**Document Image Extraction** **Header** The header of the document is not visible. **Footer** The footer of the document contains the following information: * **Bank of America Merrill Lynch** * **HOUSE_OVERSIGHT_014364** **Page Number** The page number is **50**. **Source** The source of the document is **Bo/A Merrill Lynch Global Research**. **Conference Information** The conference information is as follows: * **2016 Future of Financials Conference** * **17 November 2016** **Chart 73: Will the DOL's fiduciary rule cause meaningful changes to the brokerage industry?** * **Chart Title**: Will the DOL's fiduciary rule cause meaningful changes to the brokerage industry? * **Chart Type**: Bar Chart * **X-Axis**: Various options (e.g., "Yes, significant million commission revenues", "Yes, a shift to advisory and fee-based accounts", etc.) * **Y-Axis**: Percentage values (0% to 90%) * **Data Points**: + "Yes, significant million commission revenues": 3% + "Yes, a shift to advisory and fee-based accounts": 7% + "Yes, assets in motion will some to rebalancing and RIA platforms": 0% + "All of the above": 83% + "No significant impact": 7% **Chart 74: Will the DOL's fiduciary rule cause meaningful changes to the asset management industry?** * **Chart Title**: Will the DOL's fiduciary rule cause meaningful changes to the asset management industry? * **Chart Type**: Bar Chart * **X-Axis**: Various options (e.g., "Yes, an accelerated shift from passive to active", "Yes, further pricing pressure", etc.) * **Y-Axis**: Percentage values (0% to 100%) * **Data Points**: + "Yes, an accelerated shift from passive to active": 0% + "Yes, further pricing pressure": 4% + "Yes, higher cost of distribution and margin pressure": 4% + "All of the above": 91% + "No significant impact": 0% **Text Below Charts** * The text below the charts discusses the potential impact of the DOL's fiduciary rule on the brokerage and asset management industries. It highlights the opinions of investors and asset managers regarding the rule's effects on their businesses. * The text also mentions the panel's discussion of President Elect Trump's views on the rule and his potential actions as president. **Note** There are no handwritten notes in the document image.