Q&A: What is fiduciary advice, and why does it matter? – By Steve Lowrie

As we described in our recent post, “Stop following conflicted advice,” financial regulators have been discussing whether everyone offering investment advice should be required to do so in a fiduciary manner. This begs the question: What is fiduciary advice (and why does it matter)?

In its broadest definition, fiduciary advice must always be delivered with your highest financial interests in mind. This should come ahead of any other agendas, including (perhaps especially) your adviser’s own profits.

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