Conflicted IRA Advice Widespread as Fiduciaries Lack Oversight, Watchdog Finds

In 1991 Mark Matson took a major step on the way to experiencing his own personal American dream when he founded Matrix Asset Allocation, later to be renamed Matson Money, on a shoestring budget.At the time, his company was one of the first RIAs to reject a commissions-based model, which Matson viewed as structurally incompatible with investors’ interests. Moreover, Matson sought to differentiate