Financial planners’ advice about to get more trustworthy, guaranteed
USA TODAYAugust 25, 2016
The U.S. Department of Labor recently tightened the rules around some kinds of investment advice by requiring a “fiduciary standard.” And starting in April 2017, many of those new standards will be in force.
In plain English, a fiduciary standard requires advisers to act in the client’s best interest above incentives for themselves or their firm. But does that mean your financial adviser was allowed to act badly in the past? And does it guarantee you’ll get good advice after April of next year? Read more.
