Client best interest rule raises standards but ‘muddies the water’ on advisor, broker differences

Client best interest rule raises standards but ‘muddies the water’ on advisor, broker differences

Ariel Skelley | DigitalVision | Getty Images

What is a suitable investment for someone? What is in an investor’s best interest? What is the difference between a securities broker and a financial advisor? If you have no idea, you’re not alone.

“There is still so much confusion with financial terms,” said Ashley Guerra, chief compliance officer for registered investment advisor Gamble…

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