It’s hard to beat the market on a risk-adjusted basis. Smart advisors should stop juggling knives in the market and focus on helping clients maximize their entire balance sheet. Doing so can add 2 percent a year to AUM, says Morningstar’s David...
The Department of Labor won’t further delay the June 9 effective date for the fiduciary rule; review will continue until final implementation on Jan. 1, 2018.
Whether they custody with Fidelity or not, retirement advisors can outsource their discretionary investment management to the firm, which will act as the fiduciary.