Consumers are confused about the benefits of fiduciary standards

06/20/2011 | InvestmentNews (free registration)

Eighty-five percent of people don't know the difference between advisers' fiduciary duty and brokers' suitability standard, according to a survey by J.D. Power and Associates. Almost 60% of respondents who work with an adviser say the fiduciary standard made them more comfortable, while about 40% said it made them less comfortable. However, most clients are concerned about the quality of communication between them and their practitioner.

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