Fiduciary duty is like a restraining order. It just tells you how hard you can sue.

Updated: Oct 15, 2020


I got this article in my mobile feed today and that's when it occurred to me: "Fiduciary duty is like a restraining order. It's not a guarantee of performance. It's not a guarantee of character. It only tells you who you can blame and at what level of charges you can levy against them."


Here is the article: CNBC: How to find a financial advisor who won't make your money disappear


Now, do I have any real advice on how to avoid being ripped off? I guess I have some ideas.