The final version of the fiduciary rules recently introduced by the Department of Labor will be a game-changer for many financial advisors. It will also change things for many of their clients, especially those working with an advisor who is compensated all or in part via commissions.
While some advisors may find these new rules cumbersome and may dwell on the increased compliance costs, others will hopefully use this change in the rules to educate clients on the value of the advice they provide. Here’s some advice on how to do that.
