Advisors who manage other people’s money must respect the Financial Sector Regulatory Authority (FINRA) Rule 2111 for convenience. The rule that came into effect on October 7, 2011 legally obliges advisers to serve the best interests of their clients. To comply with the rule and determine suitability, advisors must consider a client’s risk tolerance, preferences …
4 Basic Pointers When Investing Other People’s Money Read More »