Financial Planners Embrace the Fiduciary Rule

Certified financial planners aim to put you first at all times.

(Image credit: Westend61 / zerocreatives)

Back in June, it appeared that the Department of Labor regulation that requires financial professionals to act in the best interests of clients when giving retirement account advice would be implemented on schedule. Now the agency may push back full compliance to July 2019. But the self-regulatory body for CFPs is moving ahead to broaden its fiduciary standard to apply to all of its nearly 77,800 members.

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Eileen Ambrose
Senior Editor, Kiplinger's Personal Finance
Ambrose joined Kiplinger in June 2017 from AARP, where she was a writer and senior money editor for more than three years. Before that, she was a personal finance columnist and reporter at The Baltimore Sun, and a reporter and assistant business editor at The Indianapolis Star. Ambrose has a master's degree in journalism from the Medill School of Journalism at Northwestern University, and a bachelor's degree in art history from Indiana University.