03 Feb 2017

Posted at 12:31h in The Friday Brief by
Today Mr. Trump signed an order that will dismantle or reduce a Labor Department rule introduced a year ago that holds brokers and insurance agents who work with retirement savings to a higher standard, known as the fiduciary standard. It requires financial professionals to work in the best interests of their clients, avoiding as many conflicts as possible and to clearly disclose any conflicts that do exist.

09 Sep 2016

Posted at 09:28h in The Friday Brief by
One of the most important things to know about your financial relationship is whether you are a customer or a client. The differences may be subtle or obvious, but understanding them and feeling confident in the role you have accepted is vital in determining the quality of your financial future. As a customer, you are pitched to, or persuaded to buy. As a client you are advised. 'K'nowledge and 'R'esponsibility align differently in the two dynamics as illustrated below: