RIAs expect to make some changes to comply with DOL fiduciary rule
They will need to marginally modify their policies and procedures, adjust client agreements and other documents, as well as provide additional client disclosures.
Brokers aren't the only ones who will have to make changes as a result of the “best interest” rules on retirement advice that the Department of Labor issued last week. Changes are also in store for registered investment advisers.
Even though RIAs already are held to a fiduciary standard,
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