, Columnist
About Those Hidden Fees Investors Pay
The Department of Labor's coming fiduciary rule is going to be a gamechanger.
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The Department of Labor is soon expected to issue its much-ballyhooed, much-anticipated, and, in some circles, much-loathed “fiduciary rule.”
This rule will require brokers who work with retirement accounts to act as, well, fiduciaries -– in other words, to put their clients’ interests ahead of their own. (Registered investment advisers are already held to a fiduciary standard.)