You cannot legislate morality, but you can try.
The financial services industry has been buzzing about the recent Department of Labor (DOL) ruling concerning retirement assets held on behalf of clients.
The bottom line is financial advisors should be acting in a fiduciary capacity, putting their client’s interests first instead of acting as an agent of their firm and putting its interests first. What’s it all mean for your IRA or 401(k) rollover held at a brokerage firm?
Who works for who?