The Fiduciary Difference Back in the News

Late last week, a consortium of fee-only investment advisors and the Consumer Federation of America released the results of a survey exploring investors' understanding of the difference between brokers and investment advisors. We've written about this issue here, here, and here.

In this latest research, two familiar findings stand out:

• Most investors don't understand the difference between brokers (i.e., salespeople) and fee-only investment advisors (i.e., fiduciaries).
• If investors did understand the difference, they'd be more likely to work with fee-only investment advisors.

See this item in Investment Advisor for the details.

Source

Kathleen M. McBride, "Investor Forecast: Fog," Investment Advisor, April 26, 2007