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Your 401(k) Consultant May Be Serving Two Masters
TheStreet.com Link to more items from this source
Sept. 30, 2003
Excerpt: Increasingly, corporations that provide pension plans are scrutinizing the consulting industry and any relationships with money managers that may undermine consultants' advice, according to pension watchdogs.... The essential need for a financial planner of sorts for company retirement plans -- since many employers were fearful of the legal implications of providing investment advice -- has fueled the rise in the 401(k) consulting industry, which includes a diverse array of players.

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