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DOL encourages investors to ask advisers if they are fiduciaries – Investment News

untitledAgency provides a litany of questions for consumers as well as FAQs on technical compliance for advisers.

By Mark Schoeff Jr.

Investors should press their financial advisers about whether the advisers are fiduciaries, how much they charge and whether they get paid more based on the investments they recommend, the Labor Department said Friday.

In a 16-page document posted on the DOL website, the agency provided a litany of questions for investors to pursue with their advisers based on the requirements of an investment advice rule that will be implemented beginning in April.  Read More…