Part 1 - Understand your financial Advisor and industry
To help investors better understand the financial industry, selected here are some important videos that clarify the new SEC Fiduciary Standard.
When it comes to investing, investors need to purchase products and receive services. They must deal with a "trusted" advisor who may not always put your interests first.
The root cause of such harmful behaviors is that the financial firm's profit structure and compensation are often misaligned with their customers' interests and thus create strong incentives to steer customers into particular investment products. Unfortunately, investors may never become aware of such costly harms. For further online resources, read How Fees and Expenses Affect Your Investment Portfolio by SEC’s Office of Investor Education and Advocacy.
When it comes to investing, investors need to purchase products and receive services. They must deal with a "trusted" advisor who may not always put your interests first.
The root cause of such harmful behaviors is that the financial firm's profit structure and compensation are often misaligned with their customers' interests and thus create strong incentives to steer customers into particular investment products. Unfortunately, investors may never become aware of such costly harms. For further online resources, read How Fees and Expenses Affect Your Investment Portfolio by SEC’s Office of Investor Education and Advocacy.
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Can you trust your advisor?
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Why is fiduciary important?
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What is fiduciary duty?
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On conflict-of-interest
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Questions to ask an advisor
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Advisor hidden investigation
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Real life advisor stories
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The simplest advice to know
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Dark side of advisors
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The wrong financial advisors
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What is a robot advisor?
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Inside financial industry
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