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Are there exposures and liabilities associated with providing investment advice?

April 26, 2017advice associated exposures Investment liabilities providing

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Are there exposures and liabilities associated with providing investment advice?

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Yes, a plan sponsor should never give investment advise. Such advise should only be provided by a Registered Investment Advisor, who then assumes the primary responsibility for such advice. Of course, the sponsor could be liable for its selection of the investment advisor.