FINANCIAL advisers should be held to a "fiduciary standard," having to put their clients' interests first. And most investors wrongly think that "financial advisers," a term loosely applied to a range of financial operatives, are indeed held to it.
Americans are not getting what they want when it comes to financial advice. Here are some things to know:
* Most individuals would probably benefit from financial advice. Saving and investing are complicated, and most of us need help making decisions on asset allocation, diversification and retirement vehicles, to name just a few challenges.