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Fiduciary rule appeal risks return to the law of the jungle

Financial Times
March 31, 2018

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Last Week Tonight, the news satire TV show presented by John Oliver, issued a stark piece of financial advice to US viewers in June 2016. “If you have a [financial adviser], ask if they are a fiduciary. If they say no, run.”

In the almost two years since, the idea of financial advisers being fiduciaries — meaning they have to act in the best interest of their client — has been heavily debated in the wake of a contentious rule from the US Department of Labor.

Duane Thompson, senior policy analyst with Fi360, offers his perspective on the ongoing debate in this Financial Times article. 

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