DOL versus Wolves

 
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A fiduciary is someone who is legally bound to act in the best interests of his or her clients at all times. The Department of Labor recently proposed a new rule that would require all investment advisors who work with retirement plans to be fiduciaries. Wall Street fought back against this rule and effectively killed it.

To learn how to find good, conflict-of-interest­–free financial advice, check out Chapter 14 of my new book, From Monk to Money Manager: Why It’s Okay to Be a Little Bit Wealthy—And How to Make It Happen. You can pre-order it now on Amazon.com.