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Article Date: 11/30/2016
What is a Fiduciary Relationship? Just Ask a Millionaire
The Department of Labor’s expanded definition of a “fiduciary” will go into effect in 2017. The new definition will require all advisors to act as fiduciaries when making dispensing advice or making recommendations regarding 401(k) retirement plans or individual retirement accounts (IRAs). In the past, brokers operated under the “suitability” standard, ... Log in to view full article.
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