Judge Edith Jones argues for the logic and reasonableness in demarcation. Her ruling also argues for the central importance of reforming job titles, reinforcing a clear line between brokers and advisors.
Borzi on Scottrade
Phyllis Borzi, former Assistant Secretary for the Department of Labor, speaks to WealthManagement’s Diana Britton on the story behind the story of the getting the DOL Rule down the mountain and through the finish line to win the gold medal.
Financial Advisors Provide Pro Bono Advice to October 1, Las Vegas Tragedy Survivors and Victims’ Families
Fiduciary, fee-only advisors from around the country today volunteered free financial advice to Las Vegas Tragedy survivors and victims’ families. A website serves to connect survivors and victim families who received funds with a financial advisor.
WSJ’s Investigative Report on Discount Brokers
WSJ’s Investigative Report on Discount Brokers: For decades, fee-only fiduciary advisors have said that being compensated only by client fees is better. Advisors are less conflicted, offer more fee transparency and clarity, and this makes for better client advice.
Borzi Appointed to Board of Advisors
Phyllis C. Borzi, Former Assistant Secretary, Department of Labor, (2009-2017) Joins Fiduciary Institute Board of Advisors
Commercial sales rules threaten to redefine fiduciary advice
What’s ahead for 2018? There seems to be little basis to believe that the SEC will require financial advisers to act in the best interests of clients by requiring their advice (apart from any accompanying disclosure) to be unaffected by the adviser’s conflicts.
