Sentences with phrase «fiduciary advice even»
These recommendations are fiduciary advice even when the advisor does not otherwise have a relationship with the participant's 401 (k) plan or pick investments for the IRA.
https://www.employeefiduciary.com/ Not exact matches
In fact, a recommendation for a participant to take a rollover distribution would be viewed as fiduciary advice, even if the advisor does not include any actual investment recommendations along with the rollover recommendation.
Rostad said that research from the GAO draws a picture showing that not only are «many, many investors -LSB-...] not being treated with a fiduciary standard, it's worse: there's not even a suitability standard being met» in providing advice on retirement plans.
Furthermore, the DOL Rollover Opinion indicates that advisors providing such fiduciary advice, even if inadvertently, will also be treated as subject to the restrictions described in the Rollover Opinion.
I'll put things even more bluntly: Any financial professional who is being paid for personalized investment advice — regardless if it is on a fee or a commission basis, directly or indirectly — should adhere to the fiduciary standard.
But, as you'll discover, even a fee - only fiduciary can give terrible advice.
Any Calgarian that is even considering Buying needs the advice of a Professional Buyers Agent, who can give advice that has no fiduciary duty to SELLERS.