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The Wall Street Journal's Jason Zweig writes "The burden of finding someone who will act in your best interest is on you. That means asking an adviser the right questions (and listening for the best answers). I encourage you to clip or print out this column and bring it to your next meeting with your financial adviser."
We answer Zweig's 19 questions.
Meet the Department of Labor's new Fiduciary Rule. Although it goes live today, don't get too used to it. The DOL isn't really enforcing it yet and it will likely gut it before it begins doing so. Caveat emptor remains the name of the game for retail investors.
Quick. How much do you pay in investment fees? If you don't know, you're probably in the majority. But it's not your fault, you're busy with work and family, and if you have an investment adviser, he or she probably doesn't make it easy for you to know what you're paying. That's exactly what Andrea Fuller, an investigative reporter for The Wall Street Journal, found out when she tried to figure out how much she pays in investment fees.
