Why Obama’s Fiduciary Standard Proposal Doesn’t Go Far Enough
The investment topic I would most like to see as an issue in the next presidential election involves the more widespread application of the fiduciary standard. I would love to see everyone who dispenses financial-planning and investment-management advice be held to it. Note, I said everyone. Not, as President Obama currently is proposing, just advisers who work with retirement assets. I think this standard should apply to advice on any assets, tax advantaged and taxable.
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