From the July 2010 issue of Investment Advisor • Subscribe!

July 1, 2010

Different This Time

Sidebar to Bob Clark's column "Done Deal"

One of the clear signs that the fiduciary standard has taken center stage among the public is the coverage the issue has received in the mainstream media.

One of my recent favorite articles was by LA Times columnist Kathy Kristof, who put together a nice list of fiduciary myths vs. reality, including:

o Myth: It's not clear that the system is broken. It should be studied, not fixed.

o Reality: Brokers and insurance agents take great pains to obscure the difference between advisors who must look out for your best interests and those who don't have to.

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