#RIA DOL Fiduciary Rule: Transparency demands it, Technology confirms it

In today's DIY (do-it-yourself) environment, investing is no exception. Countless investors have accessed robo-advisors (such as Betterment and Wealthfront) to manage their savings and investing, and so many others have invested in the thousands of available exchange-traded-funds (ETFs), which cover the gamut of varying asset-classes, strategies, geographies and industries. As with so many other industries, automation and technological advancement has dramatically reduced the costs and expenses for investors.

Any investor, who prefers a human advisor, should get similar treatment, and should not egregiously penalized.

A recent personal experience with a retiree, who was pushed by an investment advisor to invest in an annuity, which carried incredible fees and penalties, and lacked clarity, convinced me that the discrepancy between investing DIYers and those still using a human advisor is enormous.

A fiduciary rule is necessary to give investors the benefit of the current investing environment. #DoddFrank

In response to: "should the DOL fiduciary rule be revised, rescinded or remain in place?" # DoddFrank