Considering last week’s news of “free trading” (Fidelity jumped on board this week) here are two things that are NOT – and unlikely to become – free:
- Financial Planning advice & guidance
- Non-proprietary mutual funds trading transactions
Two very different things… but both are consistent with successful long-term financial planning and strategy. There are still far more moving parts to “free trading” so stay tuned.
Continue reading “More on “Free” Trading”
Now the Pope is involved.
Yes, Pope Francis. Just last week the Vatican in Rome issued a bulletin in which Pope Francis took aim at the financial services industry. His broad topic was how financial advisers manage the “savings” of their clients. By “savings” it was taken to mean the savings, investments and accounts of clients. His Holiness even used the word fiduciary criticizing “advisers who failed to act as a fiduciary by not avoiding conflicts of interest and not working as a prudent professional”.^
Continue reading “Hot Topic: Fiduciary Rule”