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DOL Approves Citi’s ‘Diverse Asset Program’ for 401ks—What Could Go Wrong?
From:
Christopher Carosa Christopher Carosa
For Immediate Release:
Dateline: Rochester, NY
Tuesday, October 24, 2023

 

The DOL seems to use the same metric that it earlier employed in its statement on the Fiduciary Rule. Still, the Advisory Opinion is very precise in what it allows. Citi will have to tread carefully to not cross the line into the realm of fiduciary.

The post DOL Approves Citi’s ‘Diverse Asset Program’ for 401ks—What Could Go Wrong? appeared first on Fiduciary News.

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