Employers will also be required to conduct periodic in-house reviews of the fiduciary advisor to ensure that the advisor continues to adhere to the initial criteria the advisor had met when he or she was hired. In fact, the PPA Act allows for an exception to the Securities and Exchange Commission (SEC) rule that prohibits advisors from using historical investment results for clients in written literature or advertising of any kind. 
Compensation: The employer must consider the compensation arrangement required by the advisor. Will the advisor charge hourly or annual retainer fees, or commissions, or some combination thereof? Will compensation for all services be the same? May the fiduciary advisor charge a flat fee for offering retirement plan advice, and then make a commission on the sale of long-term-care insurance to the same employee?

Asking someone whether they’ll beat the market is a pretty good litmus test for whether you want to work with them. What they should be promising is good advice across a range of issues, not just investments. And inside your portfolio, they should be asking you about how many risks you want to take, how long your time horizon is and bragging about their ability to help you achieve your goals while keeping you from losing your shirt when the economy or the markets sag.
There are many personal finance experts to learn from. Dave Ramsey, for example, has had a lot of success helping people to live a debt-free life, while Chris Hogan provides great tips and tricks for retirement planning. If you are looking to significantly increase your monthly income, following Grant Cardone might be a smart decision. Whereas Peter Schiff’s podcast can be a helpful resource for those looking to have a better understanding of what’s happening in the economy. And Brandon Turner and Joshua Dorkin from BiggerPockets are wonderful teachers when it comes to learning how to invest in rental property.
The financial services field is constantly evolving and changing. Recent decades have seen the rise of unified managed accounts, the development of exchange traded funds (ETF), the evolution of annuities and insured investment products, and a host of other developments. Change is par for the course as the industry adapts to dynamic economic conditions and changes in what investors want and how they wish to deploy their assets. 
Financial planners who explicitly provide financial advice and manage money for clients are considered fiduciaries. This means they are legally obligated to act in a client’s best interests, and they can’t personally benefit from the management of client assets. Instead, they are expected to manage these assets for the client’s benefit rather than their own. Fiduciary specifics can vary. Registered investment advisors (RIA), for example, are fiduciaries under the Investment Advisers Act of 1940 who advise high-net-worth individuals on investments. They are regulated by the Securities and Exchange Commission (SEC) or state securities regulators.
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