Does your financial advisor place your best interests first? A new study suggests otherwise.
Only 10% of Americans' managed assets are being handled by firms that meet the highest ethics standards. "The majority of firms handling investments may have conflicts of interest or have run afoul of regulators." Although critics of the study say "the standards applied were unduly tough," read the report summary on Smart Money website and decide for yourself. http://www.smartmoney.com/invest/stocks/an-ethics-test-your-adviser-might-not-pass-1346970102755/