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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

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Categories:
Global Asset Building / Financial Inclusion Retirement Accounts Consumer Protection / Safety Financial Education / Counseling / Literacy Retirement Planning Financial Advising / Planning / Wealth Management U.S. Consumer Financial Protection Bureau Government Regulation / Oversight

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