Despite the passing of a “best interest rule,” the finance industry’s regulatory structure is still very much anti-consumer. As a fiduciary, Rebalance is legally obligated to do what is best for our clients. While many advisors will claim to have your best interest at heart, unless they operate as a fiduciary they are not held to a legal standard to do so. We urge all investors to do their homework before signing on with an advisor; details on why in Tara Siegel Bernard’s piece for The New York Times below.
Financial Brokers Must Now Act in Your ‘Best Interest.’ What Does That Mean?
by Tara Siegel Bernard
This article was originally published in The New York Times on July 16, 2020.