Summary: Most of the impact of a Labor Department regulation to raise investment advice standards for retirement accounts hits brokers, but investment advisers also have to comply with the measure — a point that was emphasized in agency guidance this week about the rule.
 “You've got to document the decision process on the rollover. That's something that RIAs have not been required to do to date. There's a lot of [RIA] firms that think the rule doesn't apply to them, and they're wrong.”.Brian Graff, chief executive, American Retirement Association. |
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