A change in the White House in 2020 could result in a reversal of new SEC advice reform rules, just as the last presidential transition left the DOL fiduciary rule dead.
InvestmentNews Pegs Reg BI and Self-Regulation
This article hits on the necessity of the BD industry to raise its game and do what’s right. That requires “principled people to carry [the rules] out.”
RIAs Warned: Ramp Up Marketing Before BDs Roll Out ‘Best Interest’ Campaigns
Advisors who want to market themselves in a Reg BI world need to show the advantages of working with a fiduciary while underscoring brokers’ weaknesses.
Get comfortable in ‘One Size Fits All’
According to Reg BI, retail investors do not understand “fiduciary.” The lesson: Get comfortable in ‘One size fits all.’
Differentiation for RIAs in a Reg BI World
Reg BI is now a reality. How do independent real fiduciary advisers effectively differentiate what they do from what the brokerage industry says?
Does Reg BI really hold brokers to a higher standard than investment advisers?
Despite the brokerage industry’s praise, Regulation Best Interest is nowhere near as strong as the fiduciary standard.
