You may recall an article in our Quarter 3 Newsletter discussing the Fiduciary Rule and the impact that would have on the type of guidance offered by financial advisors. The beginning stages of this rule were set to roll out this year and many financial firms had already begun restructuring their business models to adapt. However, it now appears that rule may not go in affect after all. The article we are sharing with you today suggests some great questions to ask when looking for the right person or firm to partner with on your investments. We have added in our answers to the questions as well. As always, if you have any questions about your portfolio or specific situation please give us call.
Tampa Bay Times, Jill Schlesinger
Now that the Trump administration has declared its intention to delay and potentially roll back the Department of Labor’s fiduciary rule, which would force financial professionals (and their firms) overseeing the nearly $3 trillion in retirement savings to work in their clients’ best interest, it may be a good time to review your relationship with your adviser, stockbroker or insurance salesperson.