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Update on the Proposal for a Broader 'Fiduciary' Definition (PDF)
The Wagner Law Group via ByAllAccounts
Apr. 10, 2013 "The DOL's pending proposal to broaden its 'investment advice fiduciary' definition is likely to 'shake up' the retirement plan industry, pressuring many retirement plan advisors to provide their services in a fiduciary capacity for a level fee. If the DOL's re-proposed rule is similar to its initial proposal, any advisor that is unwilling to advise plan clients on these terms may, as a practical matter, be forced out of the retirement plan business." MORE >> |
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