Large retirement plan providers tried to offer California’s teachers and other education workers simpler plan options, but the
The FSI, and the independent broker dealers it represents, won out.
“We see in that a loss of competition,” says
It is an important victory for financial advisors everywhere, because
“We think it is an organized effort to create a near monopoly in these highly populated areas,” Bellaire says.
Similar bills have already passed the lower state legislative houses in
“The access to independent advice—from several sources—should be readily open to individuals of all levels to foster affordability and diversity of advice,”
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