Report: Clients confused about standards and don't care

April 27, 2011

Investment News - June 19, 2011 While the financial advice industry wrangles with regulators and lawmakers over a universal fiduciary standard, most investors are far more concerned about getting their phone calls returned. Retirement Planning According to a J.D. Power and Associates survey released last Thursday, 85% of 4,200 full-service investors say they have never heard of —or don't understand the difference between — the suitability and fiduciary standards.

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