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Two Advisors Debate the Financial Viability of Serving as Fiduciary to Small Accounts Amid New Rules of DOL
RIABiz
Apr. 1, 2012
"Recently [RIABiz] wrote about an odd circumstance in which the [DOL] set out fiduciary rules so stringent that trade groups like NAPFA and FPA found themselves siding with their traditional foe, the FSI. The Committee for the Fiduciary Standard was alone in defending the DOL's position.... So who is right? Even among advisors there is considerable disagreement."
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