As I’ve written in the past, Independent Registered Investment Advisors (RIAs) are considered fiduciaries.  Brokers, the guys and gals who work for the banks and brokerage firms work under a suitability requirement.  This requirement literally gives the brokers to rip-off their clients.

I read a good article in Gawker this morning that discusses the fiduciary standard.  Here it is:  Gawker