Investment Advisers: Who Are They and Why Does It Matter?
The universe of financial advisers can be very confusing. People who give financial advice use many different labels, including investment adviser investment manager asset manager broker financial planner financial consultant financial adviser certified financial planner With such a variety of titles, it can be difficult to know which legal standards – if any – apply […]
Definition of the Term ‘‘Fiduciary’’ (February 3, 2011)
The Department of Labor has proposed a regulation expanding the definition of the term “fiduciary”. These regulations define when someone giving investment advice to participants in a 401(k) (or to the people running the plan) must act only in the interests of the participants in the plan, and not in their own self-interest. Read the […]