 A fiduciary standard is all about requiring advisors to act in the best interest of their clients. Ironically, a fragmented fiduciary regime is not in the best interests of anyone.”John Taft, CEO, RBC Wealth Management. |
RBC's Taft: Read the Fine Print Before Deciding Who Wins with Fiduciary
John Taft | On Wall Street, April 2016
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Summary: Last week, the Department of Labor issued the final version of a sweeping regulation for the industry that requires anyone providing investment advice for retirement accounts to serve as a fiduciary and act solely in the best interests of clients.
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