Written by: Brielle Killmartin, Dennis Murray, & Anisa Lakuriqi
The United States Department of Labor has enacted new regulations for brokers who get paid to offer investment advice to their clients. In the past, brokers were only required to recommend products that were “suitable” to their clients. Now, the new rule requires a broker to act solely in the best interest of his or her client when making a recommendation for that client’s retirement account.
This change will also shift <Read More>