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January 24, 2017 | Trump Freeze Keeps Best Interests of Financial ‘Advisors’ Ahead of Clients

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel ( Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog:

The self-serving financial industry is breathing a sigh of relief after President Trump signed an order Friday freezing all new regulations pending White House review. This freeze included the Department of Labor’s fiduciary rule, which was set to come into effect in April. Proponents have fought the financial lobby for years to get this rule passed. It required that those giving retirement planning/investment recommendations must place the best interests of their trusting clients first ahead of maximizing the ‘advisor’s’ profits. The industry is rejoicing that this threat to their ill-gotten gains, may now be avoided indefinitely. New admin is all about helping working people was it? See: Trump freeze puts fiduciary rule in limbo

Also watch the video Is your financial adviser really a salesperson?

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January 24th, 2017

Posted In: Juggling Dynamite

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