In the world of, "fiduciary" is a term that means they have to put your needs ahead of their own. A fiduciary is held to a higher ethical standard and agrees to take care to manage your money in the best way possible.
Advisers who are not fiduciaries may be paid in other, more unscrupulous ways. For example, some advisers get paid a commission or referral fee for sending client assets to specific mutual funds. Advisers may want to put your money there to get paid more even if it isn't the best fund for your financial goals.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
I learned this from PeggyDoviak early on 💡 Thanks Peggy! Always know, we are listening. We do remember the things you teach us. 🤗
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Facebook Gaming accelerates mobile app launch - Business Insider - Business InsiderFacebook released a new Facebook Gaming app to capitalize on the pandemic-induced uptick in live-streaming usage to take on rival platforms. How do you guys think it will do against its rivals?
Source: BusinessInsider - 🏆 729. / 51 Read more »
Even Financial acquires life insurance startup LeapLife - Business InsiderGoldman Sachs-backed Even Financial, a digital matchmaker between banks and customers, just bought an insurance startup as life insurers are seeing policy applications boom
Source: BusinessInsider - 🏆 729. / 51 Read more »
Connectivity divide is accentuated amid the pandemic - Business Insider - Business InsiderThe coronavirus has exacerbated the disadvantages of not having home internet, sparking a bipartisan effort in the US to expand broadband subsidies.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Financial planners share top advice to clients during the pandemic - Business InsiderOver a third of financial planners surveyed by the CFP Board advised clients to 'sit tight' and avoid making major financial decisions right now.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Staying on task while working from home amid the coronavirus pandemic - Business InsiderSimple things like taking enough breaks and making my bed every morning have put me in a better headspace to work remotely during the pandemic. SlackHQ Money Money Money Money Money Money Yeahhhhh...Money
Source: BusinessInsider - 🏆 729. / 51 Read more »