Starting June 9, the same day the DOL's fiduciary rule takes effect, advisers who want to buy mutual fund class shares for retired clients will be required to buy T shares.
It’s hard to beat the market on a risk-adjusted basis. Smart advisors should stop juggling knives in the market and focus on helping clients maximize their entire balance sheet. Doing so can add 2 percent a year to AUM, says Morningstar’s David...