Does your financial advisor serve your best interests or their own?
This article, recently published on KSL360, updates the current legal findings regarding the "fiduciary rule" for financial advisors.
On March 15th, 2018 the Fifth Circuit US Court of Appeals struck down the Department of Labor’s “fiduciary rule” law. Also commonly called the “conflict of interest rule”. It forced financial advisors to act in their clients’ best interests. This dissuaded them from steering someone towards a more expensive or inferior investment. Because it paid the advisor a higher commission. Or because of some other conflict of interest. Read More