WE’s Michael Zeuner Discusses Fiduciary Standard in the Wall Street Journal

February 16, 2015

WE’s managing partner Michael Zeuner was quoted in a recent article in the Wall Street Journal that explores whether or not wirehouse advisers can ever serve as fiduciaries, given the complexity of payout, and how investors and advisers can strive for better transparency.

The article delves into the complexities of wirehouse payout grids, the differences between these institutions and RIA firms, and whether or not advisers in broker-dealer rep positions can ever truly act as a fiduciary. Mr. Zeuner was quoted about how the direct link between advice and compensation could drive advisers to focus on what is best for their compensation and their firm rather than the client.

To read the full article, click here: http://www.wsj.com/articles/vonnegut-untangling-the-new-comp-plan-1423147501