Is This the End of Conflicted Financial Advice?

For now, the fiduciary rule is set to only govern your retirement investments, but it should ultimately improve standards for all investing advice.

Sitting in the comfort of your home or office, you may not have felt the tectonic shockwaves unleashed through the brokerage community by a new regulation from the Department of Labor (DOL), but you can be sure everything is about to change. If you are a retirement investor with money in a 401(k) plan or an individual retirement account, you should know how and why this new rule is about to fundamentally transform the entire financial advice landscape and how it will affect you.

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Craig Slayen
Principal, Cypress Partners

Craig Slayen is a principal at Cypress Partners., a financial planning and investment management firm in the San Francisco Bay Area.

The firm believes that the key determinant to long term financial success is based around three concepts: sound planning, prudent investing, and an awareness of the behavioral traps that can kill portfolio returns.

Craig is the author of Successful Investing for Female CEO's, published by Charles Pinot. He is a graduate of UC Berkeley.