Should You Dump Your Broker Because of the Fiduciary Rule?
Jamie Patrick Hopkins
It’s time for investors to think again about what they want and what they can expect from the professionals who handle their accounts and give them advice.
Why now? Because a new Labor Department rule that began to take effect in June holds brokers to a fiduciary standard—meaning they have to act in the best interest of their clients—when offering guidance on tax-favored retirement accounts like 401(k)s and IRAs.
Winokur Munk, Cheryl, "Should You Dump Your Broker Because of the Fiduciary Rule?" (2017). In the News. 2345.