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Concern Over EBSA Fiduciary Standard is Still Bipartisan
Ascensus Link to more items from this source
Jan. 29, 2014
"There is risk and cost attached to expertise.... Those who do it properly have more training or experience -- or both -- and there is a cost for this level of expertise. Simply put, it will likely cost more to work with an advisor who can meet the ERISA fiduciary standard than one who operates on a more general level of investment suitability.... Any regulations defining fiduciary for retirement saving purposes have to be practical, sensible, and should not be punishing to an important segment of those who are saving for retirement."

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