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Both sides of the debate regarding extending the fiduciary standard to all advisors are probably overstating the consequences of regulators either not enacting the rule of rejecting it.

However, the debate has helped to raise awareness of how financial professionals operate, according to a column by Fisher Investments in Reuters. Investors, the column argues, should screen advisors by asking how many market cycles the firm has weathered, how it is compensated, if it has documents disclosing conflicts of interest, and other probing questions.

Read the full article from Reuters.

Last modified on Saturday, 02 March 2019
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