This is a beauty for the public to see a glimpse behind the curtain of the financial sector. With the retirement industry in an uproar about the threat of an incoming fiduciary standard for all the investment folks posing as advisors, Financialplanning.com has done a slideshow to warn its members about the 10 most widespread abuses which will now be considered a no-no. It’s likely children could tell you why these practices are not fair or ethical, but apparently financial types are thick. ‘Course they’ve been paid to be willfully blind and worse.
Here is a link to the slideshow, see: Fiduciary no-nos: 10 potential conflicts of interest.
Are advisers facing a pay cut under fiduciary? https://t.co/Cc2dAriy6Z. Yes! because they have to stop top 10 client abuses. See slideshow.
— Danielle Park (@kdaniellepark) November 1, 2016
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