Last quote by Duane Thompson
The basic structure of a fiduciary obligation isn't likely to go away. There could be some interest in narrowing the scope of the definition of a fiduciary, but I think the [requirement] will stay in place. Most investors already thought their advisor was legally required to act in their best interest. That wasn't true until June 9. The bar has been raised.feedback
Aug 10 2017
This page is completely dedicated to what Duane Thompson has to say. All of Duane Thompson’s quotes are organized here by date and topic. The most recent quote attributed to Duane Thompson came from an article called This new rule will upend your 401(k), IRA and your relationship with your advisor: “The investor has a higher awareness of the fiduciary standard, but it doesn't mean you should implicitly trust your advisor. You still need to ask questions.”.
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Quotes by Duane Thompson
Jun 09 2017
The investor has a higher awareness of the fiduciary standard, but it doesn't mean you should implicitly trust your advisor. You still need to ask questions.feedback
Jun 09 2017
In order to demonstrate compliance with the standard under the new rule, advisors will have to develop a paper trail. For rollover advice, advisors need to show a comparative analysis between the costs and services offered in [an] IRA and the 401(k) in order to stay out of trouble.feedback
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