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Merrill Lynch Jumps on Fiduciary Bandwagon But Critics See Lingering Conflicts
RIABiz 
Apr. 3, 2012
"Merrill Lynch recently announced that it will permit an elite group of its specialized consulting advisors the opportunity to become designated to provide fiduciary services to clients.... [Some] industry leaders question whether the firm can shed conflicted advice in favor of a strict fiduciary standard.... [O]thers see this as a huge game changer in the 401(k) arena and that RIAs in jeopardy of losing business will now need to step up their game in order to keep retirement accounts."
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