At its prime, Blockbuster Video had 9,000 stores and was actually bought by Viacom in 1994 for $8.4 billion. Then some things called DVDs, Netflix, Redbox, and digital delivery caused Blockbuster to go out of business. Blockbuster couldn’t change with the changing times. Change can be an opportunity as long as it’s taken advantage of. As a retirement plan provider, the Department of Labor’s (DOL’s) new fiduciary rule is an opportunity. Take advantage of the new rule or the rule will take advantage of your business. This article is about how retirement plan providers can take advantage of the new fiduciary rule.
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