Loan & Distribution Specialist AimPoint Pension
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Regional Vice President of Sales The Retirement Plan Company
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AimPoint Pension
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Compass
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Bates & Company, Inc.
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Fiduciary Rule Effects on Investment Advisers Providing Distribution and Rollover Education
FredReish.com Mar. 29, 2016 "In order to make a prudent recommendation, the adviser needs to investigate the relevant factors that a knowledgeable person would want to know to make that decision.... That requires quite a bit of investigation and analysis, but does not prohibit a recommendation....[U]ntil the final BIC exemption is issued, it isn't clear how advisers will be able to avoid prohibited transactions if they make distribution recommendations. However, if an adviser provides non-biased and good quality distribution education, that's not considered a recommendation. As a result, the prohibited transaction rules don't apply." |
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