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Compliance professionals at 425 funding advisor companies participated within the survey.
All agency sizes had been represented — with 21% of respondents managing lower than $1 billion in belongings, 41% managing $1 billion to $10 billion, and 37% managing greater than $10 billion.
Near half (42%) of responding companies reported having between 11 and 50 staff, which is according to business information exhibiting that the majority RIAs are small to midsize companies.
In keeping with the ballot, 32% of the survey respondents stated that their agency supplies recommendation and/or suggestions on rollovers from ERISA plans.
82.86% of respondents additionally stated they depend on DOL’s fiduciary exemption, PTE 2020-02, to supply rollover recommendation and/or suggestions.
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