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Fiduciary Education Isn't a Best Practice, It's a Requirement
Fiduciary Matters Blog
Sept. 23, 2016
"[D]oes the adviser fully understand the risk associated with the recommendation and has the adviser fully educated the investor of all risks so s/he can make an informed decision? Furthermore, is the adviser educated on the role a recommendation might fill under an ERISA standard of care? In other words, the adviser not only needs to be educated about the products they recommend but also why the products recommended are prudent and meet the best interest standard of care."
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