Friday, April 8, 2016

US Makes it Law to Put Client’s Interests First

It's sad but true, they had to make a law for this.
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In this Kiplinger article, Scott tells the story of how a client was haunted by fact that he didn't have a plan for what to do in retirement, even though he saved his whole life for it.

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The US Labor Department enacted a law this week that requires all brokers and advisors to respect their client's best interest over their own. But it doesn't come into effect until April 2017, so we have put together a great video on what to look out for in the meantime when selecting an advisor or financial product.

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"This is An IQ Test and You have Passed!"

Don, a California state worker, asks if he should buy a pension service credit or invest his money somewhere else for a higher return. Pat is overjoyed with this caller's question.

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Don't forget to tune into Hanson McClain's Money Matters Radio every weekend.
For ways to listen, go to www.moneymatters.com.
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Hanson McClain offers advisory services in all 50 states. Hanson McClain Advisors is an investment advisor registered with the Securities and Exchange Commission.

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*Scott Hanson (2011, 2012, 2013, 2014 & 2015) and Pat McClain (2012, 2013, 2014 & 2015). Barron's© magazine is a trademark of Dow Jones L.P. The ranking reflects the volume of assets overseen by the advisors and their teams, revenues generated for the firms and the quality of the advisors' practices.

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