Please login to vote

Ideas




Agree 0 Disagree 0

Financial advisors could have to fulfill a fiduciary standard

By Hicbd
Fri Dec 1 2017 9:04 am

A fiduciary standard means " that the advisor needs to act in the best interest of the client. The advisor can charge no more than a reasonable fee for his or her services, and must act with the skill, due diligence and knowledge expected of someone familiar with the responsibilities of being an advisor. Conflicts of interest must also be avoided."

URL:
https://www.forbes.com/sites/jamiehopkins/2017/02/03/trump-signs-executive-order-shelving-fiduciary-standard-for-financial-advisors/#402d85905863
https://www.forbes.com/sites/jamiehopkins/2017/06/14/new-fiduciary-rule-for-financial-advisors-moves-the-needle-but-in-which-direction/#5e7efd764caa
http://www.newsweek.com/john-oliver-last-week-tonight-retirement-investing-469670

URL Credit


Categories:
Asset Building Retirement Accounts Consumer Protection Retirement Planning Financial Advising U.S. Consumer Financial Protection Bureau

----------------------------------------------------------

Please login to comment


Share on Facebook

Share on Twitter

Add to Favorites