Not exact matches
While a financial
advisor held to a
fiduciary standard will
give you truly the best financial advice they are qualified to
give, an
advisor held to a standard of suitability will
give you information that can be compromised from a conflict - of - interest.
This transition period
gives newly - minted
fiduciaries time to fully comply with the rule — which many
advisors did not expect to be implemented.
DOL, via its
fiduciary rule, has «created a regulatory framework that both protects consumers and
gives financial
advisors the flexibility to provide much - needed financial advice consistent with a wide range of business models,» the Coalition said.
President Obama
gave a full - throated endorsement of the Department of Labor's controversial proposal to impose
fiduciary obligations on brokers and
advisors working with retirement plans, insisting that new rules are a needed consumer protection to prevent billions in costs due to bad advice.
Is your
advisor a
fiduciary — someone who is legally obligated to
give you solid advice?
Finally, be aware that the Department of Labor's
Fiduciary Rule, in which financial
advisors must do what is in the best interest of their clients (instead of peddling high fee funds that
give them kickbacks) remains in effect despite some industry insiders expecting the new administration to rollback this newest of financial regulations.
Because we're an independent
advisor and manager, we provide
fiduciary protection and
give employees extra help for their retirement investments.
If you would like to learn more about DFA and the benefits of accessing their funds through a
fiduciary wealth
advisor, please
give us a call at 888-643-3133.
If you are an individual retirement investor, contact your financial
advisor or other
fiduciary unrelated to PIMCO about whether any
given investment idea, strategy, product or service described herein may be appropriate for your circumstances.
This week is the first that financial
advisors must operate under the Department of Labor's
fiduciary rule, subject to Impartial Conduct Standards which require that they must
give best interests advice, for reasonable compensation, and make no misleading statements.
The
fiduciary rule will make sure that financial
advisors have to have your best interests at heart when they
give you advice.