Up Close and Personal
Everyone Needs Their Own Fiduciary Rule
Even if the government's regulation is scrapped, they can continue to press their case by making good choices.
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The Department of Labor’s fiduciary rule is formally on the chopping block, which means investors need to be even more diligent about looking after their financial interests.
President Trump ordered the Secretary of Labor last Friday to consider whether to revise or revoke the fiduciary rule, which requires brokers to act in their clients’ best interests when dealing with retirement accounts. (Financial advisers are already held to a best interest -- or fiduciary -- standard when dealing with all client accounts.)