Follow the money. Advisors who are fiduciaries stood to benefit from the Obama Administration ruling.
What makes more sense to MOST Americans is MORE FREEDOM OF CHOICE of advisors, with DISCLOSURE of their accreditation and fiduciary / non-fiduciary status. With that, consumers of financial guidance can pick and chose the level and type of advice they receive in exchange for the appropriate level of fees for such services.
I think it’s illusory to believe more disclosure is going to make any difference. Like the prospectus for variable annuities of life contracts: only actuaries and tax lawyers can understand them. Claiming that the investing public either reads or understands those documents is not credible. Americans are generally overwhelmed and have no clue as to how the advisory industry operates. The suitability rule slants the playing field away from the best interests of the consumer in favor of the advisory industry; the Fiduciary Rule slants table towards the consumer’s best interests, and it should be implemented.
Actually, the documents do not need to be fully understood if there is disclosure in summary form about the financial advisor’s credentials and fiduciary responsibility to the client.
The fees charged by advisors are a clue as to their suitability.
Flat fees and percentage fees are a clear distinction that doesn’t require any understanding of the contracts.
Trump also needs to pay attention to his extremely important job and stay out of the O’Reilly fiasco. Act like a President and not like a side-line commentator, Mr. Trump. Getting so tired of his diversion tactics, and wonder if he even knows what his responsibilities and duties are.
Trump is just getting the understanding of government and how many thiefs we employ in Congress.
Once he knows everything, he will make progress. Another politician would yield the same results, corruption, selling the Secretary of State’s office to the highest foreign bidder, selling 25% of the U.S. Supply of Uranium to Russia???? Damn Clinton’s need to dissappear unless we can charge her criminally.
AZ, good one. The nation hired the first businessman to run the country. He has had to overcome a lot of professional politicians, a media 99% against him and a whole host of Snowflakes who have been bawling since last November. He is learning on the job and the learning curve is swift. I applaud his efforts to MAGA.
Follow the money. Advisors who are fiduciaries stood to benefit from the Obama Administration ruling.
What makes more sense to MOST Americans is MORE FREEDOM OF CHOICE of advisors, with DISCLOSURE of their accreditation and fiduciary / non-fiduciary status. With that, consumers of financial guidance can pick and chose the level and type of advice they receive in exchange for the appropriate level of fees for such services.
I think it’s illusory to believe more disclosure is going to make any difference. Like the prospectus for variable annuities of life contracts: only actuaries and tax lawyers can understand them. Claiming that the investing public either reads or understands those documents is not credible. Americans are generally overwhelmed and have no clue as to how the advisory industry operates. The suitability rule slants the playing field away from the best interests of the consumer in favor of the advisory industry; the Fiduciary Rule slants table towards the consumer’s best interests, and it should be implemented.
Actually, the documents do not need to be fully understood if there is disclosure in summary form about the financial advisor’s credentials and fiduciary responsibility to the client.
The fees charged by advisors are a clue as to their suitability.
Flat fees and percentage fees are a clear distinction that doesn’t require any understanding of the contracts.
TRUMP should start focusing on big issues like this and stop spending his time on deciding where to donate his salary!!
#TRUMPisgreat
Trump also needs to pay attention to his extremely important job and stay out of the O’Reilly fiasco. Act like a President and not like a side-line commentator, Mr. Trump. Getting so tired of his diversion tactics, and wonder if he even knows what his responsibilities and duties are.
Trump is just getting the understanding of government and how many thiefs we employ in Congress.
Once he knows everything, he will make progress. Another politician would yield the same results, corruption, selling the Secretary of State’s office to the highest foreign bidder, selling 25% of the U.S. Supply of Uranium to Russia???? Damn Clinton’s need to dissappear unless we can charge her criminally.
AZ, good one. The nation hired the first businessman to run the country. He has had to overcome a lot of professional politicians, a media 99% against him and a whole host of Snowflakes who have been bawling since last November. He is learning on the job and the learning curve is swift. I applaud his efforts to MAGA.