By Roger Wohlner
Originally published on The Chicago Financial Planner
The Department of Labor released its final draft of their fiduciary rules mandating that financial advisors place their client’s best interests first when offering advice on their retirement accounts in 2016. Here is a post I wrote just before the release. DOL Fiduciary Rules – What Do They Mean For You?
The rules were slated to be fully implementated on January 1, 2018, but the Trump administration’s opposition to these rules scuttled this. The current state of things in the financial advisory world is mixed, as some brokerage firms had gone partially down the path of implementation.
At the end of the day, however, why should you as an investor care if your financial advisor is a fiduciary? Here are some thoughts on this for those looking for a financial advisor or who are already working with one.
Read the full article on The Chicago Financial Planner