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FA Center: The 7 tough questions you need to ask your financial adviser

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Christopher Reeve and Margot Kidder in 1978’s “Superman.”

Our company, and many of our competitors, has committed to following the fiduciary standard, which demands higher accountability from advisers, including acting only in a client’s best interest. But is that enough to protect clients? Unfortunately, there’s always wiggle room.

For example, an adviser can tell clients which conflicts of interest exist in their relationship — and still overcharge for products. If investors aren’t well-informed, they may not understand the conflict’s significance, or that they’re even being overcharged.

No wonder headlines like “Why you still can’t trust your financial adviser” are making the rounds.

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