Published July 29th, 2014 By Bob Clark Back in June, Financial-Planning.com put a curious headline on a story: “NAPFA Faces Member Loss After Fee-Only Rule Change.” You may remember that the rule change in question ended NAPFA’s allowing its fee-only members to own up to 2% of commission-charging financial services businesses. Simply […]
It will take a profession to enhance standards
The Dodd-Frank law was enacted just four years ago in the backdrop of a crisis — a crisis some observers say came perilously close to the collapse of the financial system.
Raymond James, the New Borders Bookstore?
Originally published on ThinkAdvisor.com, May 27, 2014 By Knut A. Rostad Recent statements by two brokerage industry leaders suggest a new way for fiduciary advocates to reframe the fiduciary regulatory battle. Think “disruptive innovation.” First, SIFMA president Ken Bentsen, the voice of the brokerage industry in Washington, recently wrote an extraordinary column on fiduciary […]
Fiduciary Institute to Craft Fiduciary Best Practices that Investors Want
The Institute for the Fiduciary Standard today announced the formation of a Best Practices Board to craft fiduciary best practices for investment and financial advisors.
Is DOL Fiduciary a ‘Solution in Search of a Problem?’ Consider the Data
Originally published on ThinkAdvisor.com, March 6, 2014 By Knut A. Rostad Critics of the Department of Labor’s initiative to modernize the 40-year old fiduciary standard under ERISA like to say, despite the mounds of research that suggest the opposite is true, that there’s no need to update the fiduciary standard under ERISA. They assert […]
SEC’s Piwowar talks fiduciary, money fund reform
Fiduciary is ‘really, really, really’ tough, commissioner tells U.S. Chamber of Commerce Published in Investment News on January 27, 2014 Written by Mark Schoeff Jr. One of the newest members of the Securities and Exchange Commission on Monday expressed doubt that it should propose a rule raising investment advice standards for brokers, advocating instead for […]
