"Investment advisers, who pick portfolios for clients, are supposed to disclose when they choose mutual funds that tack on the fees, particularly if there are versions of the same fund that don’t levy the charge."
Either you are a commission-based broker who follows the suitability standard or a fee-based RIA who follows the fiduciary standard.
The SEC should do away with the term "investment adviser" unless it is a SEC registered Investment adviser. Otherwise its confusing.
The SEC should do away with the term "investment adviser" unless it is a SEC registered Investment adviser. Otherwise its confusing.
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