Much has been written of the industry push back on the fiduciary proposal, but the tone has mistakenly implied that the industry is resisting doing the right thing for retirement investors and trying to protect its revenues.
In fact, the opposite is true. Unlike the DOL’s insistence on a one-size-fits-all service solution to retirement accounts, we believe in allowing investors (not the government) to choose what type of investment relationship and structure is best suited to their needs and goals. We believe in full investor protections, whether under the B-D or RIA structure, and in freedom of choice for investors.
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