Five Ways Your Financial Adviser Can Screw Up Your Retirement, Legally

Many advisers aren't required to put your interests first, and they don't
Photographer: Getty Images
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Investment advisers should act in their customers’ best interests, President Obama says. Here's how they don't, and how it can hurt you.

Right now, only some advisers are fiduciaries, required to put their clients’ needs first, while many brokers and advisers need only to recommend “suitable” financial products. On Monday, the White House said it would support a plan to change that.