WETHERSFIELD, Conn., Sept. 7, 2016 /PRNewswire/ -- In response to the US Department of Labor's Fiduciary Rule, which requires financial advisors to put the financial interests of their clients ahead of their own, Retirement Investor, LLC issued the following statement from Founder and Portfolio Strategist Wayne Connors:
The Fiduciary Rule is confirmation that biased financial guidance has prevailed due to advisors pushing products for high commissions. With brokers threatening to drop small retirement accounts due to the new regulations, a surge in middle-class investors left to manage their own retirement investments is inevitable. Our goal at Retirement Investor has always been to provide Americans with the guidance they need to confidently invest for retirement on their own, saving on fees using methods that are firmly rooted in over 65 years of Nobel Prize winning academic research. We are now more determined than ever to provide unbiased guidance by hosting free live webcasts that teach investors simple ways to increase their portfolio's performance using evidence-based investment methodology.
This decision demonstrates our dedication to help safeguard the future of the middle-class and educate the public about passive investment strategies that are low-cost and broadly diversified. Anonymous responses from our most recent user survey confirm that investors are questioning their advisors now more than ever:
- "I feel I do more for myself than what my advisor often does."
- "I wasn't getting a good value since the fees were high and basically following the same strategy that I'm now using."
Survey responses also confirmed a genuine need for the guidance the Retirement Investor platform provides:
- "I was looking for a service to provide guidance for me as an individual investor. Something where I could "compete" against my current advisor and determine if I could do it myself with a positive result, look at the potential of taking over all of my personal investing, and explore the investment potential of ETFs."
- "The idea that you come to the table with a plan, you've done the homework, and you put it out there for your subscribers to use and follow. The fact that you do all of this using ETFs was even better and in line with what I was looking for."
Everyone who attends a Webcast will receive a free 3-month subscription that provides access to Retirement Investor's asset allocation models comprised of low-cost exchange-traded funds. Subscribers can select a portfolio tailored to their risk tolerance and generate a personalized report as a guide to place trades in their own brokerage account.
Individuals interested in signing up for a free webcast, should visit: www.InvestYourBest.com.
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SOURCE Retirement Investor, LLC