DOL may make advisers fiduciaries when recommending IRA rollovers

10/2/2013 | Financial Advisor online

The U.S. Labor Department's rules say financial advisers aren't acting as fiduciaries when they recommend a rollover from an employer-sponsored retirement savings plan to an individual retirement account. That may change, however, with rules the department is working on that could modify the definition of a fiduciary, according to Matrix Financial Solutions.

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