Not exact matches
First, it
eliminates any potential
conflict of interest that would come from his continuing to have a
financial interest in Exxon.
By
eliminating the sales incentive, the fee - only
financial advisor gives you advice that is transparent — free
of any
conflict -
of -
interest that can come from the possibility to earn a commission.
Also facing a questionable future is the Labor Department's Fiduciary Rule, which regulates how
financial advisors service their clients, specifically by
eliminating conflicts of interest.
The Department
of Labor (DOL) Fiduciary standard is intended to
eliminate any potential
conflict of interest between
financial professionals and investors saving for retirement.
A fiduciary, on the other hand, has a legal obligation to put your
financial interests first and disclose or
eliminate all potential
conflicts of interest when giving advice.