WEBVTT

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The fiduciary rule
says, in general,

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that you should get advice
from a financial advisor that's

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in your best interest.

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That's what a fiduciary
is, and the fiduciary rule

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was put out by the DOL to
say that any retirement

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advice that you're getting has
to be in your best interest,

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or if there are
conflicts of interest,

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that those conflicts need
to be disclosed to you.

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So if your advisor is
getting paid by the product

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that they're
selling to you, that

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should be made clear to you.

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That's obviously a good
thing for consumers.

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And there is no disagreement
about this, actually.

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People on both sides, people
for it and against it,

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agree that consumers
will make more money

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if the fiduciary rule
is in place. $20 billion

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is the estimate.

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And those against the
fiduciary rule, their argument

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is that by disclosing these
conflicts of interest,

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by disclosing the fees that
customers are actually paying,

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consumers will lose choice.

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It's not true at all.

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They'll still have the choice.

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They can still choose
to pay those fees.

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The rule doesn't impact us.

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We're going to continue doing
what's right for customers,

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and we always have.

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This is about, we see something
that's good for investors,

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we stand up for investors--
that's part of our mission

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as a company--

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And so, of course,
we're going to go out,

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and we're going to
advocate for it.

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