The exterior of the New York Stock Exchange on Feb. 10. A lobbying battle is being waged over a rule requiring financial advisers to act in their clients' best interest in retirement planning.
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Labor Secretary Tom Perez speaks at a governors meeting in July. Under current rules, advisers "say things like 'we put our clients first,' " Perez said this week. Going forward, "this is no longer a slogan. It's the law."
Picking someone to help you plan for retirement can be challenging. The fees can add up quickly. But a good adviser can help protect you from your instincts when markets turn volatile.
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