Over the past year, there has been increasing buzz in the financial industry surrounding new regulation from the Department of Labor (DOL). The “Conflict of Interest Rule” proposed by the DOL seeks to apply a “fiduciary standard” to any financial advisor who makes recommendations about clients’ retirement accounts.
When I meet with a new client for the first time, I feel it is important to spend the time to get to know them. From a financial perspective of course, but even more importantly, from a life perspective. I need to understand what makes them tick, what excites them about their life and their future. What is REALLY IMPORTANT to them!