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Investment Company Institute Supplemental Comment Letter to EBSA on Proposed Fiduciary Definition and Conflict of Interest Rules (PDF)
Investment Company Institute [ICI] 
[Opinion] Sept. 25, 2015 "This supplemental letter explains why the asset-weighted average return for categories of mutual funds, rather than the simple average, is the appropriate measure for assessing the overall experience of investors using broker-sold funds.... We also provide additional detail about why a large share of IRA investors will not be able to get access to fee-based advice under the Department's proposed rules, even if those advisers also manage taxable investable assets on behalf of these households." MORE >> |
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