Fiduciary-Rule Review: Experts Weigh In
By Daisy Maxey
Founder and chief executive of automated investment adviser Betterment
“If you think about what kind of world we would want our children to grow up in, would it be a world where your can’t trust advisers or where, if you get financial advice, you can trust that it’s in your best interest and that any conflicts and fees will be fully disclosed to you? It’s so obvious that we want the latter case.
The opposition does not have a coherent, well-articulated argument as to why we should not support this rule. The only opposition is the brokers who realize that this is going to be a win for consumers at their expense.”