Fiduciary rule every bit as necessary for brokers, according to report: BLOG
January 17, 2018 by Bloomberg News
For those who think a fiduciary-type rule is unnecessary, think again.
The Wall Street Journal reported last week that “advisers at some of the biggest discount brokerage firms make more money if they steer clients toward more-expensive products.” That includes the big three discount brokers, Fidelity Investments, Charles Schwab Corp. and TD Ameritrade Holding Corp.
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Originally Posted at InvestmentNews on January 16, 2018 by Bloomberg News.
Categories: Industry Articles