An investment advisor is required by law to act as a fiduciary for his client. A stock broker, or “wealth manager” as they refer to themselves, are not. Brokers follow a less stringent “suitability” rule. The difference means that investment advisors must avoid conflicts of interest, whereas a broker should simply disclose them to you as this article points out. Make sure you work with an investment advisor.
Latest posts by E.J. Smith (see all)
- November RAGE Gauge Tells Me Investors are Too Comfortable - November 17, 2017
- What do I think of Bitcoin? Part I - November 15, 2017
- Tax “Cuts” will Fuel the Florida Migration - November 14, 2017