Get the standard you deserve
Already, plenty of investment professionals work under a fiduciary standard, giving advice that’s in the best interest of their clients without sacrificing their own livelihood. Expecting the fiduciary standard to become the industry standard for investment advice is not only reasonable, but crucial to ensure that unscrupulous professionals don’t take advantage of unsuspecting clients for their own personal gain.
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The article Now Is the Time for the Fiduciary Standard originally appeared on Fool.com and is written by Dan Caplinger.
Fool contributor Dan Caplinger has no position in any stocks mentioned. The Motley Fool recommends Bank of America and Goldman Sachs. The Motley Fool owns shares of Bank of America, Citigroup, and JPMorgan Chase.
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