Friday 12 May 2017

Merrill Lynch to debut fiduciary-friendly account option

Bank of America’s brokerage, Merrill Lynch, said it will roll out a commission-paying retirement account compatible with a new U.S. Labor Department regulation that raises the standards for client care. The new limited-purpose brokerage IRA, which will launch on June 12, days after the start of the new DOL fiduciary rule, will initially accept only cash

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