"A significant part of financial literacy is knowing which professional to call in various situations. On the surface, many financial professionals seem to have similar duties. The fiduciary, the broker, and the dual registered advisor serve vastly different purposes, but they are seen as overlapping disciplines to many people outside of the industry. Advisors Magazine asked advisors across the industry in different disciplines for their reasoning – why don’t prospective investors know the subtle yet important differences between different types of financial professionals, especially with $74.3 trillion under management globally according to the figures from the Boston Consulting Group.[1]"  Continue Reading...