Your financial advisor may not be focused on your best interests. Many advisors are not "fiduciaries." But that could be changing somewhat thanks to some new regulations. Even after this new rule goes into effect, consider carefully whether an advisor is looking out for you or him/herself. The new rules actually allow an advisor to put you in poorly performing investments if that's all his/her own firm offers. Choose your advisor wisely.
http://time.com/money/4283416/fiduciary-standard-rule-what-you-need-to-know/
- Larry Pike, CFA, Client Priority Financial Advisors LLC
- www.clientpriority.com
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