http://www.usatoday.com/story/news/politics/2016/04/06/new-rules-financial-advisers-prohibit-conflicts-interest/82686914/
Financial advisers will be required to recommend investments that
are in their clients' best interests — and not just the ones that yield
the biggest commissions —under a long-awaited regulation being rolled
out by the Obama administration Wednesday.
The Labor Department
estimates that its so-called "fiduciary rule" could save American
investors more than $17 billion as financial advisers can no longer
steer customers toward products with higher fees and lower returns.
Under current law, financial advisers are required only to recommend
suitable investments.
I am not one to consult with advisors on how or where I should put my money, after all its my money if I can't control it I don't deserve it.
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