Hidden Fees Show How Investor Protections Can Backfire

The Department of Labor’s fiduciary rule has had some unfortunate unintended consequences. Investors can’t let down their guards. Here’s what to look out for.

(Image credit: (C)2014 Sandra Matic, all rights reserved)

After several years of lobbying and debate, the Department of Labor’s fiduciary rule — which requires financial professionals to act in the best interests of their clients — hit yet another snag.

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Mike Haffling, Investment Adviser Representative
President and Founder, Verus Capital Management

Mike Haffling is president and founder of Verus Capital Management in Chicago. Mike is an Investment Adviser Representative and insurance professional. He has always worked as an independent financial adviser, serving his clients with a comprehensive approach to retirement planning for more than a decade.