Here are the people who do not think advisors should be held to a fiduciary standard:
SIFMA – Securities Industry and Financial Markets Association. View their members here.
FSI – Financial Service Institute. FSI is comprised of financial advisor members and broker-dealers. You can learn more about this group here.
IRI – Insured Retirement Institute. IRI is the only association that represents the entire supply chain of insured retirement strategies (read annuities). On the web at http://www.irionline.org/home
Financial Services Roundtable - FSR members include the leading banking, insurance, asset management, finance and credit card companies in America. You can view their membership here.
Like the meatpacking industry depicted in Upton Sinclair’s novel The Jungle, these trade associations would have your retirement left open to Wall Street greed rather than cleaned up with the financial services version of the Meat Inspection Act.
They believe putting you, the client’s interest first would not be a good idea. Hmm...