FIDUCIARY RESPONSIBILITY

What "Fiduciary" Actually Means

Fiduciary is a common word that is often misused because of its complicated definition and variety of meanings and uses. While it refers to an individual that owes certain special obligations to another that are based on trust, it also describes the obligation itself, distinguishing it from an ordinary obligation.
Alamy

Financial Planners May Not Have Your Best Interests in Mind

There is a major battle going on in the financial services industry, and your welfare is at stake. What's the war over? Whether or not the person you're trusting to invest your money is legally required to act in your best interest. Right now, they only have to make sure the investments they're selling you are "suitable." I would like to see legislation for fiduciary duty and I'll tell you why.