It Sucks to Be a Financial Advisor

Literally!

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.