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The fiduciary rule is set to greatly affect the way retirement accounts are managed, and in turn, perhaps how much investors see in returns.

Players throughout the financial services industry have been busy preparing themselves for the April deadline of the Department of Labor’s rule, which came out earlier this year and requires that advisers act in their clients’ best interests when overseeing retirement accounts. In the eyes of proponents, it’s a victory for retirement savers as its goal is to banish unnecessarily high fees and commissions, and provide more quality advice for those investing for their futures.

Critics, on the other hand, argue it will orphan small accounts too costly to manage and shut out a variety of investment options, instead focusing on passive choices like exchange-traded funds, which come at a much lower price point.

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