The U.S. Department of Labor recently issued a new Rule for advisors dealing with retirement accounts. Some background is in order here. Advisors are held to a legal standard of conduct when dealing with investors. But different advisors are held to different standards. Registered Investment Advisors (RIAs) which we are, are held to a “fiduciary” […]
Investment Advisors
The 2-Minute Thought: Older White Men Are Preferred As Financial Advisors
Wealthy investors are most likely to prefer having older white males as their financial advisors. That’s according to a study done by Spectrem Group, a researcher focused on the investment industry. The study asked affluent investors to look at the photograph below and make a snap judgment about which of the eight financial advisors they’d […]
