New rules force financial advisers to do what's best for their clients

USA Today - Six years in the making, rules to force financial advisers to do what's best for their clients — rather than themselves — are finally a reality, and they could potentially save investors $40 billion over 10 years, according to the Labor Department.

"The DOL has indeed taken a major step toward a more secure and dignified retirement for millions of Americans," says Harold Evensky, chairman of Evensky & Katz/ Foldes Financial (and Texas Tech University professor of practice for personal financial planning). "It seems that the Department of Labor's years of effort will be a major win for investors."

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