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Can a Fiduciary Duty for Investment Advisers Co-Exist with Commissions?
Michael Kitces in Nerd's Eye ViewLink to more items from this source
Jan. 27, 2015

"[T]he reality is that commissions and a fiduciary duty are not entirely inconsistent with one another. In point of fact, even the Investment Advisers Act of 1940 does potentially allow for some commissions, and a look at the history of fiduciary law reveals other situations where a fiduciary duty and at least some forms of commissions have been allowed to co-exist (and client advice or advisor business models haven't necessarily been harmed as a result)."

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