Money Matters: Beware the ‘financial adviser’

Important read in today’s issue of The New York Times by sometimes Marketplace Money contributor Tara Siegel Bernard: A Fancy Financial Adviser Title Does Not Ensure High Standards.

For more on the differernce between what Bernard describes as a “glorified salesman pushing a particular fund” vs. “a true investment adviser who is required to act in your best interest” watch Paddy Hirsch explain the role of a fiduciary in his Whiteboard explainer.