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  • Attorneys David Meyer and Matthew Wilson have been selected to the list of Super Lawyers since 2011 and 2015 respectively.

  • Attorney David Meyer is a member of the Million Dollar Advocates Forum, an organization recognizing attorneys who have secured million dollar cases.

  • Martindale-Hubbell® Peer Review Ratings™ has recognized attorney David Meyer as an AV Preeminent® attorney in High Ethical Standing.

  • Attorneys David Meyer and Matthew Wilson have received a 10 out of 10 “Superb” rating on Avvo, calculated based on stringent and exhaustive criteria.

  • Attorney David Meyer was selected as the 2015 Lawyer of the Year for Professional Malpractice Law – Plaintiffs for Columbus, OH by Best Lawyers®.

  • Meyer Wilson was ranked as a Tier 1 Best Law Firm for both Mass Tort Litigation / Class Actions – Plaintiffs and Professional Malpractice Law – Plaintiffs by U.S. News.

  • Attorney David Meyerhas been selected to the list of the Best Lawyers in America® for Mass Tort Litigation / Class Actions – Plaintiffs and Professional Malpractice Law – Plaintiffs every year since 2011.

What Are the New Rules to Protect Retirement Accounts?

If you are working with a financial advisor for help with your IRA, 401k, or other qualified retirement accounts, then you will benefit from important new rules scheduled to go into effect in 2017, which make it clear that financial advisers for retirement accounts have a legal obligation to always act in your best interests.

The fiduciary rule, as it is often called, is an important win for consumers. Previously, financial advisers for retirement accounts were allowed to recommend products that put their own profits ahead of their clients’ best interests. This often led advisers to recommend expensive investments that offered big fees to brokers, but offered smaller returns to investors.

According to the U.S. Department of Labor, this conflict of interests cost investors about one percentage point lower annual returns on retirement savings, and $17 billion in losses every year. The new fiduciary rule is designed to put an end to these conflicts and protect investors from bad investment advice that hurts their retirement savings.

Generally, a fiduciary is a person who acts on behalf of another person, and who is always required to act in that person’s best interests. Now, because of the new fiduciary rule for retirement accounts, all financial advisers have a legal duty to provide advice that is in your best interests when helping with your retirement accounts.

Because of this change, retirement savers get better advice and better investment returns. In fact, it has been estimated that the new fiduciary rules will save investors as much as $40 billion over the next ten years. That’s more money in your retirement account and less in your broker’s pocket.

If you think that your financial adviser has put their interest ahead of yours and caused you to lose money, call us today for a free consultation and to discuss your rights as an investor.

Do you know whether you're paying excessive fees in your employer-sponsored retirement plan? Hear from David Meyer to find out!

Need More Information?

Investment misconduct can be complex and confusing. That’s why we’re here to help you. Visit our Common Questions page to find in depth answers directly from our attorneys. Get More Answers
Have You Been a Victim of Investment Fraud?

You trusted your financial advisor with your money, but now you're left wondering what went wrong. If you or a loved one suffered losses because of investment misconduct, Meyer Wilson can step in and fight to recover your losses. The team of investment fraud lawyers at the firm has been helping people like you since 1999 by winning judgments, settlements and verdicts worth hundreds of millions of dollars against brokerage firms, financial advisors and banks.

Get Help With Your Case Now

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