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    Dodd-Frank and New Fiduciary Rule ABC 7 Eyewitness News Video

    By David Rae Certified Financial Planner™, Accredited Investment Fiduciary™

    Financial Planner LA Founder David Rae is in the studio with Coleen Sullivan and Ellen Leyva to discuss Dodd-Frank and the New Fiduciary Rule with ABC 7 Eyewitness News.

    UPDATE: Thanks to twice impeached Donald Trump the Fiduciary Rule is essentially dead.  This means that financial firms are still not obligated to put your interests ahead of their own.  You still can get Fiduciary Fee Only Financial Planner Advice.  While Most Financial Advisors do not work as fiduciaries.  All of us at Financial Planner Los Angeles are Fiduciary Financial Advisers.

    New Fiduciary Rule Questions?

    -What does the Fiduciary Rule Mean for you?

    – Dodd-Frank What does it Mean for you?

    -What is the Best Interest Contract?

    How do I Know If My ‘Financial Advisor’ is a Fiduciary?

    Sadly, your financial advisor likely is not a fiduciary.  Those of us who are Fiduciaries are pretty proud of it and usually display the title prominently on our business cards and websites. But if you’re not sure, just ask.  If your person is a Fiduciary –the answer should be a simple yes. But if they aren’t actually a Fiduciary they may try and give you some convoluted justification of why they don’t want to work in your best interests.  HEAR ME NOW, if the person handling your investments is not a Fiduciary RUN, and run fast.

    Professional designations are a good guide too. Look for individuals with Certified Financial Planner™ or Accredited Investment Fiduciary™ after their names.  Also, look for people who work with a Registered Investment Advisor (RIA) rather than a fund company or big-name brokerage house blasting commercials on late night TV.  Who do you think is paying for all those expensive advertisements – ultimately it is you the investor.

    David Rae Los Angeles Certified Financial Planner on the ABC 7 News with Elex Michaelson and Ellen Leyva. Fiduciary LA financial Advice
    David Rae Los Angeles Certified Financial Planner on the ABC 7 News with Elex Michaelson and Ellen Leyva. Fiduciary LA financial Advice

     Live for Today, Plan for Tomorrow.

    DAVID RAE, CFP®, AIF® is a Los Angeles-based fiduciary retirement planner with DRM Wealth Management. He has been helping friends of the LGBT community reach their financial goals for over a decade. He is a regular contributor to the Advocate Magazine, Forbes.com and Huffington Post as well as the author of the Financial Planner Los Angeles Blog. Follow him on Facebook, or via his website www.davidraefp.com

    Want the Best Financial Advice? Make sure you are working with a Fiduciary Financial Adviser Los Angeles.

    Fiduciary Rule For Financial Advisors Changes Comment and VIDEO

    Connect With David Rae, Financial Planner LA

    David Rae, CFP® AIF®

    President / Founder DRM Wealth Management LLC

    1(323) 905-4380

    david.rae@financialplannerla.com

    "Dodd-Frank and New Fiduciary Rule ABC 7 Eyewitness News Video"

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