The CFP Board should be commended for taking action.
More than any other client segment, older people rely on advisers to be their honest guide
Lower Social Security income is not just a possibility.
What are brokers and advisers to make of all this? We may be a long way from knowing, but there's a lot to watch while we wait.
Multiple accounts at previous employers diminishes the feasibility of these accounts
The insurance industry is largely regulated by states, and enforcement varies state-by-state.
Codifying the idea of putting a client's best interest first into regulation is important.
Firms must perform due diligence on prospective providers.
As advisers step farther away from stock-picking, their work guiding clients on the bigger financial picture becomes more important and their value potentially greater.
Because after all, advisers are the most informed constituents to weigh in.
