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Let's Hope the Fiduciary Regulation Is Worth It
Todd Berghuis for Ascensus
[Opinion] June 6, 2016
"One expense we can find no evidence of being taken into account by DOL is the effort being expended by organizations that consult with, and counsel, financial organizations and advisors who must comply with the new rules. Benefits consulting firms, including law firms whose practice specializes in retirement benefits, are included in this group.... [W]hen all is said and done, the cost of adapting to these regulations will be far greater than four pages of the April 8, 2016, Federal Register suggest. We truly hope the benefits delivered to retirement investors will prove to be worth it."
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