By Nick Wharton
Personal finances can get complicated fast, which is why many people seek the assistance of a financial adviser. Especially when considering your retirement, it can give you extra confidence to know that a professional is helping ensure you make the best decisions for your future.
It may therefore come as a surprise to know that historically, financial advisers haven’t been required to put your best interests first. But in April 2016, the Labor Department finalized a new rule that requires financial advisers who deal with retirement accounts to respect what’s known as the fiduciary standard, meaning they have to put the client’s interests first.
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