If you care about you or your family’s financial future, you should care. Doesn’t sound like much of a big deal, but these two words, fiduciary and suitability, are critical to determining the type of care you receive from your “trusted” financial advisor. Unfortunately most of the public is not aware that a minority of advisors are held to a fiduciary standard while the vast majority of advisors are held to a much lower, suitability standard of care.
Who is held to a Fiduciary standard of care and who to a Suitability standard of care?
Currently, only independent Registered Investment …Read More