Rather, smaller investors are the ones who are currently being hurt by big Wall Street firms and insurance companies who aren’t governed by a fiduciary standard.
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The Committee for the Fiduciary Standard has sent a letter to republican Senator Ron Johnson of Wisconsin that argues he is misguided in his belief that a fiduciary standard for retirement plan advisors will hurt low-to middle-income Americans. So reports ThinkAdvisor.
Rather, smaller investors are the ones who are currently being hurt by big Wall Street firms and insurance companies who aren’t governed by a fiduciary standard.