Fiduciary rule appeal risks return to the law of the jungle
Financial TimesMarch 31, 2018
Last Week Tonight, the news satire TV show presented by John Oliver, issued a stark piece of financial advice to US viewers in June 2016. “If you have a [financial adviser], ask if they are a fiduciary. If they say no, run.”
In the almost two years since, the idea of financial advisers being fiduciaries — meaning they have to act in the best interest of their client — has been heavily debated in the wake of a contentious rule from the US Department of Labor.
Duane Thompson, senior policy analyst with Fi360, offers his perspective on the ongoing debate in this Financial Times article.
