meierlde
Thinks s/he gets paid by the post
A link that suggests that the horse has left the barn on the fiduciary rule:
https://www.washingtonpost.com/news...p-this-financial-rule/?utm_term=.8a06b7d7d338
It notes 3+ trillion in money moved to vanguard and Blackrock runs 4 trillion and regards itself as a fiduciary. Perhaps the rule is as is typical the govenment trying to catch up to changes in the market. It does appear that the Boogle philosophy is catching on. Note the comments about Morgan Stanley moving from 27 to 40% fee based advice over the last 8 years,
The terminal paragraph of the article "Whether the fiduciary rule stays or not, the investing public has figured out what the proper standard should be. Investors are not waiting for the government to make the finance industry put investors’ interests first. As market forces have revealed, they are insisting on it themselves."
After all one must recall that all the salespersons (who call themselves financial advisors) are dispensing is what is called advice. And a client is free to ignore the advice as many on this forum do.
https://www.washingtonpost.com/news...p-this-financial-rule/?utm_term=.8a06b7d7d338
It notes 3+ trillion in money moved to vanguard and Blackrock runs 4 trillion and regards itself as a fiduciary. Perhaps the rule is as is typical the govenment trying to catch up to changes in the market. It does appear that the Boogle philosophy is catching on. Note the comments about Morgan Stanley moving from 27 to 40% fee based advice over the last 8 years,
The terminal paragraph of the article "Whether the fiduciary rule stays or not, the investing public has figured out what the proper standard should be. Investors are not waiting for the government to make the finance industry put investors’ interests first. As market forces have revealed, they are insisting on it themselves."
After all one must recall that all the salespersons (who call themselves financial advisors) are dispensing is what is called advice. And a client is free to ignore the advice as many on this forum do.