Wednesday’s win in Texas federal court for the Labor Dept.’s fiduciary rule is important and deserves attention. Judge Barbara M. G. Lynn’s extensive review of the industry case against the DOL rule, the fiduciary standard and investors is an unequivocal investor victory.
Fiduciary standards are important
David will be among the first group of advisors of ‘Best Practices’ advisors the Institute will announce in March. Stay tuned.
Best Pratices Affirmation Program Webinar
Bob Veres: Where SIFMA and I Are In Total Agreement
The advisor world’s best-known advisor’s “advisor,” Bob Veres, has written extensively on how very different broker-dealers (sales persons) are from independent advisors.
How President Trump’s Conflicts Can Help RIAs
Mounds of research show most investors have no clue of the magnitude of the opaque BD compensation conflicts and what these conflicts cost them. Even Merrill Lynch’s John Thiel has publicly noted his customers don’t know what they pay.
The Merrill Lynch Mirage on RIAs
Where RIABiz’s view of RIAs as oases-of-ethics bumps up against the Merrill Lynch & Co. mirage — and why that mirage is still so effective.
