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What Do Advisors Have to Say About the Fiduciary Standard?
Fi360 Link to more items from this source
Aug. 28, 2013

"[When] asked, 'Should the fiduciary standard apply to investment advice on rollovers from 401(k) or IRA accounts?' ... 79% [of advisers] agree that the fiduciary standard should apply to rollovers. This includes 91% of RIA/IARs, 61% of registered reps, and 63% of dual registrants. Moreover, there is across-the-board agreement that the same fiduciary standard that applies to 401(k) plans should also apply to advice on IRA accounts. Overall, 72% of respondents -- up from 70% in 2012 -- and across every registration category and compensation model, agree."  MORE >>

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