Financial advisors who are technically brokers or insurance agents — rather than registered investment advisers (RIAs) or representatives thereof — do not have a fiduciary duty to their clients. That is, they are not required by law to put their clients’ interests ahead of their own interests.
But as Jason Zweig reports for The Wall Street Journal this week, there’s a possibility that, at some point in the not terribly distant future, any securities professional giving advice regarding IRAs would be held to a fiduciary duty:
- Look Who’s Locking Horns Over Retirement Accounts from Jason Zweig
- Don’t Get Beaten with an Investment Club from Larry Swedroe
- Why There Won’t Be a Successful Financial Advisor Review Site in the Near Future from Michael Kitces
- Renaming the Outcomes of a Monte Carlo Retirement Projection from Michael Kitces
- Bond Investing in a Rising Rate Environment from Vanguard
- The Rise and Fall and Rise of Priceline.com from Allan Roth
- How to Fire Your Financial Advisor from The White Coat Investor
- Deciding When to Rebalance Your Investment Portfolio from Financial Ramblings
Other Money-Related Articles
- Alternatives to Traditional Savings Accounts from Matthew Amster-Burton
- IRS Proposes to Permanently Ease Restrictions for Innocent Spouse Relief from Kelly Phillips Erb
- Social Security Same-Sex Benefits Limited (for Now) To States Where Such Marriages Are Legal from Don’t Mess With Taxes
- Don’t Let Divorce Rip Apart Your Retirement Nest Egg from Marilyn Timbers
Thanks for reading!