By Michael J. Searcy
There has always been a divide in the financial industry between those who embrace fiduciary duty and those who skirt around it. It is a divide that can be nearly impossible for consumers to recognize and understand, leaving them exposed to potential harm depending on whose hands they find themselves in.
Am I working with an actual advisor or a salesperson? Is this person legally required to put my interests ahead of their own or are they suggesting something that’s good enough because it earns them a nice commission?