When it comes to the 401(k) industry, the brokerage model is no longer relevant, which makes the brokerage business unsustainable in the long-term. (Photo: Shutterstock)

Consumer advocate Barbara Roper, who recently received the Institute for the Fiduciary Standard’s annual Frankel Fiduciary Prize, knows a thing or two about the investment industry.

I had the honor of sitting down with her for an interview (see “Exclusive Interview: Barbara Roper Says Mere Disclosure Inadequate for Fiduciary Advice,” FiduciaryNews.com, October 17, 2017). She mentioned one thing in particular that set those dusty gears in my head awhirlin’.

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