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Things To Know About The New Rules For Retirement Advisors

Things To Know About The New Rules For Retirement Advisors – For decades, many investment advisors have been required under federal law to put the best interest of their clients first. That makes the advisors, who usually are paid a flat fee, into what are known as fiduciaries.



 
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WASHINGTON — You might think the people you hired to help arrange your retirement finances have to put your best interests first. That’s not always the case. So the Obama administration has taken a controversial step to try to protect more Americans from being ripped off. The new rules unveiled Wednesday by the Labor Department are…

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