FYI: We have been discussing the fiduciary standard of care owed to investors for some time now — I am pro, much of the commission side of the business is con.
The map above shows how the cost of that conflicted advice — how much it costs retirement savers annually. The state by state breakdown of self-interested salesmanship — NOT ADVICE — simply works against the interest of both the saver and the taxpayer.
Regards,
Ted
http://ritholtz.com/2018/03/advisor-conflict-interest-state/
