Voices: Lyle Wolberg, on Extending the Fiduciary Standard

President Obama backs DOJ plan to impose stricter standards on brokers who advise on retirement investments

 

Voices is an occasional column that allows wealth managers to address issues of interest to the advisory community. Lyle Wolberg is partner and senior adviser at Telemus Capital in Southfield, Mich.

Changes are afoot in the retirement account investment arena. President Obama has asked the Department of Labor to develop stricter standards for brokers and others who advise clients on retirement investments.

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Posted by Wall Street Journal, see the original article here.