An Inconvenient Observation About Fiduciaries

An obligation to put clients’ interests first doesn’t guarantee that financial advisers will do the right thing

Years ago, my team left a large brokerage firm for the greener pastures of a fee-only registered investment adviser. While soliciting a client to follow, I explained that RIAs are fiduciaries, obligated to put the interests of their clients first.

The post An Inconvenient Observation About Fiduciaries appeared first on Norb Vonnegut.