Institute leaders meet with SEC Chairman Jay Clayton June 19, 2018
5-Part Test Left Plan Sponsors “Holding the Bag”
For eight years Phyllis Borzi worked hard to make the fiduciary obligation consistent among service providers to the nation’s corporate retirement plans. When she retired last year, she looked forward to beginning to cross off those many deferred wishes from her bucket list. She has. But she hasn’t left the team.
Small Investors: Dump Brokers’ “Incidental” Advice, Get Real Advice
The simple fact remains that investment advisers represent their clients and broker-dealers represent issuers. Investors deserve real advice. That’s why we formed the No Incidental Investors initiative.
A Path Forward for the CFP Board
The CFP Board set out in its proposed standards fiduciary duties for all advice. Its statements are clear and strong. This is an important step. But alone, it falls very short. Why?
My Fiduciary Advocacy Trip to Washington
I believe the fiduciary movement is making real progress. A few years ago, I regularly heard, “What does fiduciary mean?” Now, frequent internet searches for “fiduciary” or “fee-only” advisors find us. Many clearly understand. Nevertheless, there is still confusion.
2018 First Quarter Commentary
Recent regulatory and industry actions on fiduciary have come fast and furiously. Unfortunately, they are mostly bad news for investors. The exception: actions in the states. The takeaway: Investors are on their own to identify real fiduciary advisors, who are also on their own to stand apart from brokers. The Institute’s Best Practices and the Campaign for Investors are more important than ever. Here’s an update on these actions and what they mean.
