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Is Using Active Investment Management a Fiduciary Breach?
Fiduciary Plan Governance, LLC
[Opinion] July 22, 2016
"The question ... for investment fiduciaries who typically delegate investment management to third-parties like mutual funds and professional investment managers may not be, 'Is using active management a fiduciary breach?' but 'Is there a way to select the right ones?' The answer may be both simpler and more difficult than most of us, including investment advisors and others who make their livings purporting to do so, imagine."
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