What Are the Good Anti-Fiduciary Arguments?



The Department of Labor will soon be implementing a fiduciary standard for advisors conduct who manage money for retirement accounts such as 401k.

There have been a number of people claiming that the fiduciary standard will be a disaster for investors, but I cannot find any solid anti-fiduciary arguments.

So let me ask: What are the strong, logical arguments against mandating the fiduciary standard for retirement accounts?

Use the Twitter button below, and please use the hashtag “#fiduciary” on any answers. Or you can email me via ritholtzcapital -at- verizon dot net, putting “#fiduciary” in the subject line




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