Now that the Department of Labor's fiduciary rule — or the “conflict of interest rule,” as they called it in the press conference — is here, advisors are faced with a choice: either own the rule, embrace being a fiduciary and adhere to the requirements, or hang up their spreadsheets and Ibbotson charts.

Over the last few weeks, I have heard of a number of plans to address the fiduciary rule. Most of them were focused on one of two things:

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