Advisors Don’t Need to Abandon Small Accounts
The statutes under the Department of Labor’s much-discussed fiduciary rule were designed to protect investors. However, if the rule is implemented without major changes, it will inadvertently cause investors with small accounts—mostly middle-class Americans saving for retirement or their children’s college tuition—to lose out on the benefits of holistic financial planning that only a human advisor can provide.
Lyon, David, "Advisors Don’t Need to Abandon Small Accounts" (2017). In the News. 1937.