Ron Lieber of The New York Times examines fees, the fiduciary rule, and what investors should be aware of.
So much hand-wringing over such a simple proposition: When a financial professional gives you advice about the life savings in your retirement account, that person ought to act in your best interest.
It took several years for this so-called fiduciary rule to gain approval — firms are supposed to begin following the new rules in April — thanks to pushback from people in the financial services industry. And then, in the course of a week, we’ve seen President Trump tell the Labor Department to study this uncontroversial (and already much-studied) proposition, which he wants to upend. Continue reading on NYTimes online.