This article that appeared in U.S. News & World Report a couple of years ago does a great job of explaining the differences between fiduciaries and non-fiduciaries and how these may significantly affect the working relationship between the client and the financial advisor. The question persists: When given the choice between the fiduciary or the suitability standard, why would anyone settle for anything less than the fiduciary?
What Is a Fiduciary Financial Advisor?
November 20, 2020