Brokers As Fiduciaries: The Reality and the Issues

A recent bulletin from Reish and Reicher describes a possible—and perhaps likely—outcome of the current initiative concerning fiduciary status for broker-dealers and financial advisers who provide advice to investors. The article describes the changes that will materially affect the current practices of broker-dealers.  Registered investment advisors are already quite familiar with the role of a fiduciary. Click here to access the bulletin.