Our daily roundup of retirement news your clients may be thinking about.
Watch out, retirement savers, your choices are poised to shrink Investors can expect limited options or higher fees in their retirement plans as brokerage firms are evaluating their pricing structures to comply with federal rules that impose the fiduciary standard on financial advisers when providing guidance on retirement accounts, according to this Wall Street Journal article. Edward Jones has announced it will drop mutual funds and ETFs from retirement accounts that charge a commission on investors. "We shared the concern we’re not offering mutual funds in a transaction-based IRA" with mutual-fund managers, an Edward Jones executive says. "If they can bring a more aligned approach to that pricing, we would reconsider including them in the future."
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