Commission-Based Clients Are Going to Leave If Their Advisors Switch to a Lower-Cost, Fee-Only Model

Markets ETF Trends

By Rick Kahler via Iris.xyz I recently learned about an unexpected response to the new Department of Labor rule which mandates that all financial advisors and brokers act as fiduciaries (that is, in the best interest of the consumer) when dealing with customers’ retirement plans. This means brokers will be discouraged from selling high fee and…Click to read more at ETFtrends.com.

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