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Webb Financial Group (WFG) is a registered investment adviser firm offering advisory services in the State of Minnesota and in other jurisdictions where exempted. Registration does not imply a certain level of skill or training. The presence of this website on the Internet shall not be directly or indirectly interpreted as a solicitation of investment advisory services to persons of another jurisdiction unless otherwise permitted by statute. Follow-up or individualized responses to consumers in a particular state by WFG in the rendering of personalized investment advice for compensation shall not be made without our first complying with jurisdiction requirements or pursuant an applicable state exemption.


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DOL Fiduciary Rule

By Dave Verbeke, Financial Advisor

There’s been a lot of talk recently about the Department of Labor’s Fiduciary Rule and how it will change the investment advice business.  The buzz is all about fee disclosure and helping the average consumer understand what fees they are paying.  The law, when implemented, will require financial advisors to recommend what is in the best     interests of the client when they offer guidance on 401(k) plan assets, individual retirement accounts or other qualified monies saved for retirement.  The law does not apply on after tax investment accounts that may be targeted for retirement savings.  The intent of the law is to enforce a standard of best interests of the client instead of maximizing commission to the advisor.


The good news for clients of Webb Financial is that as Registered Investment   Advisors (RIAs), we have been held to this standard for as long as we’ve been in business.  RIAs charge a fee for service and do not accept product based commissions.  That means that our recommendations are not based on how much commission we receive but on what is right for you based on your risk profile and financial goals.  We also try to only  recommend funds that trade without a transaction fee.  Our core belief is that you get better results when more of your money is invested and not siphoned off with high commissions.  Better results means happier clients that are clients for life.