5 Critical Questions to Ask Your Financial Adviser

You’re trusting your financial future with this person, so you must be crystal clear on these key issues.

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As an astute investor and reader of Kiplinger’s you’ve no doubt read much about the newly implemented Department of Labor Fiduciary Rule, but are you clear about its impact and what it means to you? Unfortunately, there is no easy explanation as the rules are complex and still need a great deal of clarification. However, one component of the rule is reasonably straightforward: It requires any broker or adviser advising on retirement accounts to act impartially and with the investor’s best interest in mind at all times, a so-called impartial conduct standard. Of course, this too is a bit convoluted and confusing.

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This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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Oliver Pursche, Investment Adviser Representative
CEO, Bruderman Asset Management

Oliver Pursche is the Chief Market Strategist for Bruderman Asset Management, an SEC-registered investment advisory firm with over $1 billion in assets under management and an additional $400 million under advisement through its affiliated broker dealer, Bruderman Brothers, LLC. Pursche is a recognized authority on global affairs and investment policy, as well as a regular contributor on CNBC, Bloomberg and Fox Business. Additionally, he is a monthly contributing columnist for Forbes and Kiplinger.com, a member of the Harvard Business Review Advisory Council and a monthly participant of the NY Federal Reserve Bank Business Leaders Survey, and the author of "Immigrants: The Economic Force at our Door."