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Third Annual fi360-ThinkAdvisor Survey of Investment Advisors: Information and Opinions About the Fiduciary Standard
Fi360 Link to more items from this source
Aug. 23, 2013
"Advisors largely rejected the arguments of opponents of placing investors' interests first by extending the fiduciary standard for advice.... [S]urvey respondents said extending to fiduciary standard to brokers: [1] Would not cost investors more for advice (79%). [2] Would not price investors out of the market for advice (69%). [3] Would not limit access to advice or products (68%). Survey participants strongly agreed that investors are unaware of the differences between the fiduciary standard governing investment advisers and the much lower 'suitability' standard used by the brokers."

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