This beautifully presented summary highlights the 10 steps required to adopt an investment approach like ours. Click the image above to see the PDF version of DFA’s latest piece, “Pursuing a Better Investment Experience.”

This April, the Department of Labor issued its new fiduciary rule, which will require any advisor giving advice to retirement account holders to act in the client’s best interest. It certainly sounds like an obvious improvement, and we’re pleased to see some forward progress on this notion of a more global fiduciary standard. Remember, Hill Investment Group has been acting in the capacity of a fiduciary for our clients since the founding of our firm.

Nevertheless, we’re not all that hopeful to see newly minted fiduciaries taking on the title anywhere near its fullest extent. Their clients may be scratching their heads since surveys indicate that many already thought they had a fiduciary commitment from their advisor. In reality, they’ve been subjected to the suitability standard. It’s is far more common and gives a wide berth to advisors when defining what might be best suited for a particular client (think of high cost, proprietary, commission-based products).

Interested in additional reading on this topic?

• “What New Rules on Retirement Savings Mean for Investors” in The New York Times
• “Fiduciary Rule Better Protects Investor Interests” from Morningstar

The benefits of Taking the long view manifest themselves in different ways for each new client of ours, but the overall story is similar every time. Things just seem more simple and transparent after we’ve had a chance to build an investment plan grounded in our evidence-based philosophy. We designed some visuals like the one below to help share the story. Visit the new Process page on our website to see for yourself.