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Edward Jones Outlines Changes Ahead of New Fiduciary Rule

Edward Jones Outlines Changes Ahead of New Fiduciary Rule

Edward Jones plans to lessen clients' access to mutual-fund accounts that charge commissions and reduce minimums in preparation for new federal fiduciary rules.

Edward Jones plans to lessen clients' access to mutual-fund accounts that charge commissions and reduce investment minimums on its advisory accounts in preparation for new federal fiduciary rules. The new rules will require brokers to put the interest of clients before their own and to justify the compensation they receive for recommending one retirement savings option over another. In light of the new requirements, Edward Jones plans to offer commission-based IRAs to its clients that will let...

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