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Advisors
Register now to manage accounts, create MAx Models and get access to our Knowledge Bank.

Account Holders
Create Account to manage your assets on the Jefferson National Account Management website.

close
Forgot your password?

Advisors
Register now to manage accounts, create MAx Models and get access to our Knowledge Bank.

Account Holders
Create Account to manage your assets on the Jefferson National Account Management website.

close
Forgot your password?

Advisors
Register now to manage accounts, create MAx Models and get access to our Knowledge Bank.

Account Holders
Create Account to manage your assets on the Jefferson National Account Management website.

close
April 04, 2016

Bloomberg: At Last, Brokers Must Put Your Retirement Needs First

 

Jefferson National was featured in a Bloomberg News article regarding the DOL fiduciary ruling. Writer Ben Steverman explains the ruling from the perspective of the end consumer, while also discussing the impact innovative technology will have on the shaping the industry and benefiting consumers.

According to Steverman, “The fiduciary rule Wall Street fought for years is almost upon us.” However, survey results report that only 18% of Americans are sure what the word fiduciary means. And that can be expensive for investors who don’t understand the difference between a fiduciary and a commissioned salesperson, who can push “suitable” products that may profit them more than the end consumer.

Steverman continues on, quoting several investors, advisors and industry experts, including Jefferson National’s CEO Mitch Caplan. As Mr. Caplan explains, "The marketplace was changing anyway.” He predicts that, in the future, technology will help fiduciary advisors serve more clients more efficiently. “There will be lots of companies and business models that continue to evolve.”

Read the full article, here.