Future of asset rollovers hangs on fiduciary definition

02/7/2013 | Financial Advisor online

A new definition of "fiduciary" from the U.S. Labor Department will determine whether both fee-only and commission advisers can transfer individuals' assets from 401(k)s into IRAs. "The capture of these assets and the definition of fiduciary will continue to be lightning-rod issues in 2013," says Donald Cummings of Blue Haven Capital.

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