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What Does a Democratic-Controlled Congress Mean for Financial Planning? Here’s What to Expect

By Reshma Kapadia in Barron's
Tue, Jan 19, 2021 at 1:30PM

What Does a Democratic-Controlled Congress Mean for Financial Planning? Here’s What to Expect

......It also means heightened enforcement around conflicts of interests through the SEC's Regulation Best Interest rule that went into effect last year to restrict practices by brokers and making sure they put clients' interests ahead of their own when making recommendations.  That is a good development for individuals and will accelerate the trend toward fee-only or fee-based financial advice.....

 

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