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.