Is less more when it comes to investor choice? That’s the question facing brokerage firms and investment advisers as they look to comply with a landmark retirement-savings rule. Large brokerage firms typically offer thousands of mutual funds to clients. But compliance demands of the fiduciary rule, which began to take effect in June and requires stewards of tax-advantaged retirement savings to act in clients’ best interests rather...

Source: Wall Street Journal August 12, 2017 10:52 UTC