Feb 27, 2017
U.S. News and World Report - The Trump administration is seeking to delay and perhaps dismantle the fiduciary rule. Originally scheduled to take effect in April, this rule would have legally required financial advisors handling 401(k) plans and individual retirement accounts to make recommendations in the best interest of their clients, and not the most profitable investments for the advisor. Whether the rule will be implemented is now unclear. Nonetheless, some financial advisors are already upholding the fiduciary standard.
tags : Texas Tech in the News