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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.
Tags >> FoFA

Survey: FAs don't want "opt-in" reforms

Posted by RJ and Makay on Jan 29, 2011

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Most financial advisors (FAs) oppose the annual "opt-in" reforms that have been proposed by the federal government and feel the reforms could damage clients' portfolios, suggest the findings of a recent survey. FAs believe opt-in reforms could impose more compliance burdens than they already have, the survey also shows.