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CSIA is a registered investment adviser and an affiliate of Charles Schwab & Co, Inc. Solely Registered Investment Advisors (RIA) , who're governed by the Funding Advisers Act of 1940 , are held to a real fiduciary standard. So when contracting with an advisor, do your personal due diligence first and ensure the advisor can meet your monetary planning wants.
A rule proposed by the Division of Labor (DOL) would have required all financial professionals who work with retirement plans or give retirement plan recommendation to offer recommendation that's in the client's best curiosity (the fiduciary customary ), as opposed to merely appropriate for the client (the suitability normal ). The rule was passed, its implementation was delayed and then a courtroom killed it.