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 […]
Why Advisors Should Watch Obama’s State of the Union Speech
Originally published on ThinkAdvisor.com, January 27, 2014 By Knut Rostad Tuesday night President Obama delivers his State of the Union speech. Advisors should take note. Not just for the themes the President strikes or economic policies he advances, but for discerning who is listening. For example, will any of your clients tune in, listen […]
Is the Profession Really Concerned With Rebuilding Investor Trust?
Originally published on ThinkAdvisor.com, December 31, 2013 By Knut Rostad As the year comes to a close, the issue of trust has exploded onto the national screen. The meaning and impact of ObamaCare—and how it was promoted by the president—has, for many, become an issue of trust. Advisors should take note. Our own issue […]
The State of Fiduciary After 1,640 Days: Time for a Reset?
Originally published on ThinkAdvisor.com, December 10, 2013 By Knut A. Rostad Today is the 1,640th day since the Obama Administration recommended that broker investment advice be fiduciary advice. Advisors can be forgiven for feeling worn out by the incessant fiduciary talk and looking for a moratorium on anything fiduciary related. Before doing so, however, […]
Wall Street to Try to Win Back Investor Trust
This week is a big week for Chet Helck. The Raymond James Global Private Client Group Chief and Securities Industry Financial Markets Association (SIFMA) Chairman will oversee the launch of an initiative which, reflecting his own “passion”, will become an indelible part of his legacy. On Thursday SIFMA will announce an initiative to address investor […]
