(Bloomberg) -- Every financial advisor in the country has beendebating the Department of Labor's new fiduciary rule, arguingabout whether or not it's really good for investors.

For my part, I’m on the record saying that the rule -- whichrequires brokers who work with retirement accounts to put their clients’ financial interests ahead oftheir own -- is a boon for investors.

One of the largest brokerages in the world, Merrill Lynch, hasalso thrown its immense weight behind the shift.

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