What does ‘best interest’ mean anyway? Texas Tech seeks more clarity on DOL fiduciary rule for advisers
A professor formed an initiative to define the term and help advisers understand the DOL's fiduciary rule.
The Labor Department's fiduciary rule may be 1,023 pages long, but it stops short of defining what acting in clients' best interest actually means, according to Texas Tech University.
About a week after the new regulation was released April 6, John Gilliam, an associate professor in the university'
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