So you think your adviser has your best interests at heart...

"About 80% of investors think their financial adviser has a fiduciary duty to put their interests first, according to a report by Spectrem Group. However, most investors use brokers who must offer investments suitable for the client but who are not bound to a fiduciary standard, the report says." Be sure you understand the difference between a fiduciary and someone who is selling you 'appropriate' products. The difference is critical to your financial well-being and could make a big difference in how much you are paying for financial advice, which is never free. Search for other items on this blog with the key word: fiduciary