New Fiduciary Rules

If you’ve been paying attention to any news outside of the political world,  you’ve probably seen or heard a discussion of the new Fiduciary Standard for Investment Advisors published by the Department of Labor.  The rule requires financial advisors, be they brokers, insurance agents, or RIAs (like us) to place the client’s interest first in making recommendations for buying and selling securities.  This is a significant change for insurance agents and stock brokers who never had to adhere to this standard before.

So, what does this mean to you as a client or potential client of LFS?  As investment advisors, Linder Financial Services has been a fiduciary for every one of the more than twenty years we have been in business.  We have always been required to put your interests ahead of our own and have no source of income outside of the fees you pay us.  No commissions, kick backs or incentives from third parties.  We are pleased that the rest of the financial advisory industry will now be held to those same standards.  It makes for a more transparent investment environment for all of us!