proposed rule to put clients best interest first that I believe may be going into effect in 2017. After some research and seeing that the industry lobby was strongly opposed to the measure, I have now begun to question my advisor and if he truly did have my best interest in mind as he has worked with me over the years.
Anyone on the board have any similar recent experience with a broker? If you're a broker, what are your thoughts on the proposal? I understand we may complain about more regulation, but IMO making it very clear that you're putting your clients best interest first should be fundamental to your approach. The way fees are hidden in the investment services industry is criminal IMO and should be fully disclosed just as airlines now have to disclose all hidden fees.
Anyone on the board have any similar recent experience with a broker? If you're a broker, what are your thoughts on the proposal? I understand we may complain about more regulation, but IMO making it very clear that you're putting your clients best interest first should be fundamental to your approach. The way fees are hidden in the investment services industry is criminal IMO and should be fully disclosed just as airlines now have to disclose all hidden fees.
