Fidelity's study says if people understand managed accounts, they seem to like them — and if they don’t understand them, they don’t use them. (Photo: Getty)

Managed accounts as a feature of retirement plans are popular, but only among the employees who understand them and what they can do.

So says a new study from Fidelity, which earlier this year found that retail investors were flocking to managed accounts. And the industry as a whole might be hoping for good news from this sector, since at least some firms believe that managed accounts could be key in complying with the U.S. Department of Labor’s new fiduciary rule.

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