A recent Morningstar report said fund firms are developing “clean” and “T” fund share classes to satisfy fiduciary requirements by avoiding conflicts of interest. I’m looking for financial advisors and fund experts with views on the significance of this move. Generally, what are the conflict issues with fund investments? Do you think this is a serious problem? What are the best ways for investors to protect themselves from self-serving fund recommendations? Are these new share classes really a solution? What’s your view of the need for a fiduciary rule? What else should I be asking?
Need expert on mutual fund classes