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DOL Rule Change Forces Due Diligence Process Makeover
fi360 Link to more items from this source
Oct. 19, 2016
"[T]he RFP method will likely be considered a fiduciary act. That means the mere inclusion of irrelevant questions may demonstrate a lack of knowledge and arouse suspicions regarding evaluator competency. An inability to provide objective reasons as to why a particular consultant/advisor was chosen may raise similar questions regarding credibility and the assessment process. With that in mind, the issue becomes: how should one score a purely subjective set of questions?"

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