A source of much anguish for the brokerage community, new rules could require brokers to answer to the same fiduciary responsibility as advisers.
The IRS has issued new cost-basis accounting and tracking rules for investors.
Are you getting what you are paying for when it comes to managing your mutual funds? Could you save some money and still get near the same returns?
Do you know your investment style? Do you know what an investment style is? You may have heard the terms, “buy and hold”, or “actively managed”. How about “sector rotation”? Each of these refers to a particular style of investing and many other styles exist as well. The point I want to make is that if you adopted one of the most popular styles, and the style that many investors fall into by ease, you probably lost money during the past ten years.
Financial incentives and administrative burden may cause some Brokers and Advisors to neglect the proper servicing and education of their investment clients.