Founding Partner Paul Pagnato, citing the DOL Fiduciary Rule as a nudge to “Ensure our client’s best interests come first,” forms own RIA as the next step to provide “premiere service.”
Celebrate July 4—and Speak Out for Fiduciaries
Originally published on ThinkAdvisor.com, June 29, 2016 By Knut A. Rostad Celebrating Independence on July 4th? Enjoy the Barbecue – And Vow to Speak out for Fiduciaries
The New Fiduciary Standard: How Will It Impact Trustees & Advisors?
Michael Zeuner spoke recently at a conference in Geneva, Switzerland in front of 150 bankers, lawyers, and trustees, about how the new fiduciary standard will impact trustees and advisors.
Institute launches the Campaign for Investors
The Institute for the Fiduciary Standard today launched its Campaign for Investors, a groundbreaking initiative to help investors find financial advisors who best meet their needs and serve their interests first.
Fiduciary rule got support from a surprising contingent
Over the years the Department of Labor spent developing and then reworking the fiduciary rule, Assistant Secretary Phyllis Borzi and her colleagues regularly received support from a surprising quarter – people who work for some of the companies that most vehemently fought it.”
Err on the side of caution with DOL fiduciary rule, Phyllis Borzi advises
DOL fiduciary champion Phyllis Borzi said her agency will help work through specifics that aren’t covered in the new rule requiring retirement advice to be delivered in a client’s best interest. But firms with questions about particular sales practices that aren’t mentioned in the principles-based regulation should probably err on the side of caution, she said.
