So Which Is It?

John Noonan Uncategorized

What was bad is now good again? We don’t think so. The article below serves as a reminder that Wall Street does not have your best interests in mind. Here’s the short version… The proposed “Fiduciary Rule”, by which all financial advisors would be forced to put clients’ interests ahead of their own, is now dead. Before this recent development, Merrill declared that it would switch to all fee-based accounts because it was in their clients’ best interest. But now that the rule is dead, they are going to switch back to allow commissions. This move, according to their own …