Friday, April 17, 2015

It Sucks to Be a Financial Advisor


April 14, 2015
These Rules Could Stop Financial Advisors From Siphoning Billions From Americans' Retirement Accounts Every Year

Under the rule change, all retirement advisers — including brokers, registered investment advisers, insurance agents, and others — who get paid to provide retirement investment advice would have to adhere to a fiduciary standard, which would mean they would be obligated to give advice that is in the best interest of their clients.

You can slow the siphon of the hose'd, but you'll never stop the sucking.


Mr Slippery said...

It puts the cash in the retirement plan else it gets the hose again.

Musical tribute

Stagflationary Mark said...

Mr Slippery,


Siphon of the Sheep! ;)