Get More for Your Money with Fiduciary Rule

Get More for Your Money with Fiduciary Rule

The Fiduciary Rule goes into full effect in 2018 and it protects consumers from getting short-changed in the name of making their broker a profit. So far, brokers have been able to put the focus on what makes them money, rather than what makes the customer (you) money.
So, how do you make this rule work for you? When it comes time to make investments, ask your broker about the basis of their payment. Do they receive a commission, flat rate, or some other method? If your broker doesn’t ask about your needs, move on to someone who does.