The Center for Due Diligence has shut its doors.

On Christmas Day, the CFDD's website carried this message: "After serving the retirement plans advisory industry for more than two decades, the CFDD is ceasing publication. As we retire, we want you to know how much we have appreciated your ongoing support. Again, thank you for your past support and good luck in the new year."

That was CFDD President Phil Chiricotti's way of announcing his retirement at the age of 71. Rather than selling the firm he launched in 1994, he has chosen instead to dissolve it, although for a short period, the CFDD database will be available for purchase.

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