Quantcast
Are you getting the best rate from your broker?
Compare your broker's rates now to find out if you can save money

Choose your broker below
Welcome to Dividend.com. Please help us personalize your experience.

Select the one that best describes you
Dividend logo

Probably the hottest issue in the financial advice business these days is a new regulation affecting retirement accounts that goes into effect in April – barring any delay or change from the incoming Congress or Administration, whose arrival is likely to affect other areas of investing too.

Put in place by the Department of Labor, the rule will require that any advisor who provides advice to 401(k) plans and Individual Retirement Accounts (IRAs) be held to a fiduciary standard.

Putting the Investor First

The essence of acting as a fiduciary is putting the client’s interest before your own. For example, if a financial advisor could recommend two virtually identical mutual funds that differed only in that one paid him a commission and the other was commission-free, a fiduciary advisor would have to recommend the choice that was less expensive for the client – even if it was in his own interest to recommend the one that made him more money.

To read the Full Story, Go Premium or Log In

Popular Articles

Premium Shutterstock 622553426%20%282%29
News

Forget CAPE, U.S. Stocks Can Still Rally

To put it bluntly, the last few years have been darn good for large-cap U.S. equities. The...

Premium Shutterstock 39685645
News

The Market Wrap for October 20: Bipartisan Deal Sparks Hope

Markets experienced another week of record highs and the Dow closed above 23,000 marks for the...

Dividend Investing Ideas Center

Industries We Can Go Long/Short on During Hurricane Season

The 2017 Atlantic hurricane season has been a highly active one, with multiple storms wreaking...