fiduciary duty doesn't prevent conflicts

This is a news story, published by Yahoo Finance, that relates primarily to Matt Becker news.

Matt Becker news

For more Matt Becker news, you can click here:

more Matt Becker news

banking & finance news

For more banking & finance news, you can click here:

more banking & finance news

Yahoo Finance news

For more news from Yahoo Finance, you can click here:

more news from Yahoo Finance

About the Otherweb

Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like banking & finance news, you might also like this article about

fiduciary financial advisor

. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest financial advisors news, financial advisor news, banking & finance news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!

fiduciary advisor

SmartAsset

•

Ask an Advisor: Are Fiduciaries Immune to Conflicts of Interest?

Summary

Nutrition label

78% Informative

The existence of a fiduciary duty does not prevent potential conflicts of interest.

Some financial advisors are affiliated with a specific brokerage firm or insurance company and are therefore incentivized to recommend that company’s products.

Some advisors receive much or all of their pay through sales commissions.

There is always at least some incentive to make recommendations that could make them more money.

Matt Becker , CFP , is a SmartAsset financial planning columnist.

He answers reader questions on personal finance and tax topics.

Keep an emergency fund on hand in case you run into unexpected expenses.

Ask an Advisor: What Conflicts of Interest Can Arise Even With a Fiduciary?.

VR Score

Informative language

Neutral language

Article tone

informal

Language