Make sure you’re asking your financial advisor the right questions when you’re planning for retirement. It can be difficult to discern whether your financial advisor is actually a fiduciary or if they are falsely claiming to be one. By asking these four questions, you can hopefully better understand your advisor’s fiduciary status.
EP Wealth Advisors write, “the conversation surrounding what it means to be a “pure fiduciary” has become increasingly complex on the regulatory front. While the term has become mainstream, it can be difficult to cut through the chatter and understand where your advisor falls on the fiduciary scale, as well as how conflicted investment advice stands to impact you and your finances in the long run.”
