Is Your Financial Advisor Conflicted? Watch out: that broker-sold mutual fund or IRA rollover move might not be in your best interest. Why? Broker-dealers must have reason to believe that an investment they recommend is suitable for you. By contrast, a registered investment adviser is held to a higher “fiduciary” standard of putting clients’ best interests first. In advance of new proposed Department of Labor rules to protect retirement savers from salespeople expected ...
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