Home \ Keywords \ Obama administration

You are here

Obama administration

What’s Wrong With Advisers Putting the Client First?

“Your editorial fails to mention that conflicted investment advice costs Americans saving for retirement tens of billions of dollars a year in lost savings. Due to an outdated 40-year-old rule riddled with loopholes, brokers and insurance agents are allowed to recommend investments that pay big commissions, saddling their clients with huge fees and low returns.