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The DOL's Fiduciary Standard Could Hinder Advisor Recruiting

Recruiting practices that involve offering advisors back-end bonuses conditional on hitting sales goals are not in client’s best interest under the Department of Labor’s fiduciary standard, according to a new release from regulator. So reports Bank Investment Consultant.

The release's impact on recruiting, at least for now, appears unclear and broker-dealers are currently studying the matter.

Read the full article from Bank Investment Consultant.

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