August 25, 2010
We constantly hear about financial industry companies and advisor actions that are misguided, unsuitable and just plain dumb. For planners like me who provide investment advice and am required to carry fiduciary responsibility with that advice, it seems ridiculous that the rest of the industry can make borderline unsuitable recommendations, despite the never ending additional regulations that further impede those of us who are doing the right things.
I recommend you even the playing field, resist the lobbying efforts from the rest of the industry and do what is right for the customer.