_biden-administration-implements-rule-to-ensure-fiduciary-duty-for-financial-advisors-boosting-retirement-accounts-by-up.jpg "Biden Administration Implements Rule to Ensure Fiduciary Duty for Financial Advisors, Boosting Retirement Accounts by up to 20% Over a Lifetime from canva new account Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:39
👁 View: 435K times
✓ Published: 26-Apr-2024
👁 View: 435K times
✓ Published: 26-Apr-2024
Description:
The Biden administration finalized a new rule to ensure financial advisors, brokers, and insurance agents act as fiduciaries and put client interests ahead of their own. Under current rules, advisers can recommend higher-commission investments that may not be best for clients. It takes effect September 23rd and is estimated to impact around 5 million savers and boost retirement accounts by up to 20% over a lifetime. Critics warn it could make professional retirement assistance more expensive and difficult to access. Supporters say it protects investors from conflicts of interest and improper investment recommendations.
The Biden administration finalized a new rule to ensure financial advisors, brokers, and insurance agents act as fiduciaries and put client interests ahead of their own. Under current rules, advisers can recommend higher-commission investments that may not be best for clients. It takes effect September 23rd and is estimated to impact around 5 million savers and boost retirement accounts by up to 20% over a lifetime. Critics warn it could make professional retirement assistance more expensive and difficult to access. Supporters say it protects investors from conflicts of interest and improper investment recommendations.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_full-canva-tutorial-2024-124-how-to-use-canva-for-beginners.webp "Natalia Kalinska")
_tiffany-haddish-secretly-taunts-her-trolls-from-a-fake-x-account.webp "Revealing how she has been bombarded with hate for years online, Tiffany Haddish said she secretly taunts her trolls from a fake X account.")
_create-a-journal-to-sell-on-amazon-kdp-using-canva-step-by-step-tutorial-for-kdp-low-content-books.webp "Ivy Hang")
Create a Journal to Sell on Amazon KDP using Canva - Step by Step Tutorial for KDP Low Content Books
⏲ 34 minutes 23 seconds 👁 229.1K
_new-income-stream-alert-creative-make-361940-a-day-with-canva.webp "Launch To Wealth TV")
_i-tried-dropshipping-for-30-days-how-to-actually-start.webp "Journey With The Hintons")
_canva-tutorial-for-beginners-2024-how-to-start-using-canva-step-by-step.webp "Kate Hayes")
⏲ 16 minutes 57 seconds 👁 151.5K
_what-is-a-taxable-or-tax-deferred-account.webp "Use our guide to decide which assets belong in a taxable account and which go into a tax-advantaged account.")
_how-to-create-animated-videos-in-canva-for-free-2024-step-by-step-tutorial.webp "Tech Express")
⏲ 9 minutes 1 second 👁 45.1K
_full-canva-tutorial-2024-124-how-to-use-canva-for-beginners.jpg)
_tiffany-haddish-secretly-taunts-her-trolls-from-a-fake-x-account.jpg)
_create-a-journal-to-sell-on-amazon-kdp-using-canva-step-by-step-tutorial-for-kdp-low-content-books.jpg)
_new-income-stream-alert-creative-make-361940-a-day-with-canva.jpg)
_i-tried-dropshipping-for-30-days-how-to-actually-start.jpg)
_canva-tutorial-for-beginners-2024-how-to-start-using-canva-step-by-step.jpg)
_what-is-a-taxable-or-tax-deferred-account.jpg)
_how-to-create-animated-videos-in-canva-for-free-2024-step-by-step-tutorial.jpg)
![[+]](/images/menu.gif){kind=small}