Yes. The fiduciary standard is regulated by the state’s securities regulators, and it requires putting our clients’ interests ahead of our own. Some advisors need only meet a suitability standard in investments they recommend. This has been in the news recently in anticipation of Department of Labor rule changes that will expand fiduciary standard requirements, with the goal of helping consumers avoid unnecessary or hidden fees in retirement account investments.

Transferring assets is simple. In most cases, securities are transferred, not sold, to avoid unnecessary capital gains. Most stocks, bonds, and mutual funds can be transferred in two days with the cooperation of the transferring institution.