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the right way to invest blog

When Advisors Aren't Really Advisors

3/19/2018

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So it's like those in the transaction based advisory world (banks, insurance companies, brokerage companies, independent firms like Edward Jones) essentially are saying we call our salespersons advisors, but, by definition, they're not actually advisors & they don't give advice, so they don't need to follow this annoying fiduciary rule thing...oh, and if you have any questions or maybe you're a bit confused by this, just ask your advisor!


Great article from Michael Kitces...


Product distribution industry beat DoL fiduciary by arguing their brokers aren't actually advisors! https://www.kitces.com/…/dol-fiduciary-5th-circuit-appeals…/ via @MichaelKitces
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    Michael Pensinger, CFP® is Owner and President of Pensinger Financial, Inc.

    He grew up in Park Forest, Illinois and now resides in Lemont, Illinois with his wife, two children, and two dogs. Michael is actively involved in his community; coaching kids' sports, having served as Treasurer for the Lemont Area Chamber of Commerce Board of Directors, sitting on the Board of Directors for Hope & Friendship Foundation, and volunteering for the Lemont Heritage Woodland Sanctuary Open Space Committee. Read More

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ABOUT US
A Quick Look
Core Values
Background
What it Means to be a CFP
Code of Ethics
Investment Philosophy
WHAT WE DO
Our Services 
Our Pricing 
401(k) / 403(b) Rollover
Small Business Retirement Plans
​HCBA Retirement Solution
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Reading Recommendations
Frequently Asked Questions
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Videos
​The Right Way To Invest Blog

Photos
​​That Familiar Voice
DFA Youtube Channel
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