FYI: Investors looking for a financial advisor will find an industry in a state of flux.
The rise of robo-advisors like Betterment and Wealthfront has made investment guidance available for pennies—but a robo won’t help you plan for the future. Following the repeal of the Department of Labor’s fiduciary rule, which would have required investment advisors to put clients’ interests first, how can investors gauge potential conflicts of interest? And if you’ve got decades before retirement, should you be concerned about the aging of the industry? (By some reports, four in 10 advisors are 55 or older.)
The first rule for advisor seekers: Don’t underestimate the seriousness and rigor this task demands. The quality of the financial advisor you choose—and your relationship—can have a major effect on your future well-being.
Regards,
Ted
https://www.barrons.com/articles/the-pros-show-you-how-to-find-the-fight-financial-advisor-1543613228
