Advisor DNA found in the Advisers Act of 1940 and championed for generations is objective advice. Yet, some reject this bedrock principle.
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New CFP Board Standards Are a Good Step, but What’s Next?
CFP Board’s revisions to its Standards of Professional Conduct are out. The Institute for the Fiduciary Standard applauds the CFP Board for making this proposal. Make no mistake. The proposal is a good first step. Two provisions regarding fiduciary duties stand out.
The Fiduciary Structure of Investment Management Regulation
By Arthur Laby — Investment managers owe fiduciary duties to clients, including the duty of loyalty and the duty of care. A persistent question, with no clear answer, is what precisely is required by the duties of loyalty and care. In this paper, I argue that much of investment management regulation is a response by regulators to the uncertainty inherent in the fiduciary obligation.
How Should CFP Board Raise Its Standards?
By Knut A. Rostad Originally posted on ThinkAdvisor, June 13, 2017 Simple — ask investors The CFP Board announced on Tuesday that it will release a draft of proposed changes to its Standards of Professional Conduct on June 20. The Institute for the Fiduciary Standard applauds the CFP Board for reviewing its […]
CFA Institute President and CEO Paul Smith urges SEC to “regain control”
CFA Institute President and CEO, Paul Smith urges SEC to “regain control” of the fiduciary standard “by regulating the titles that those who provide personalized investment advice can use.”
CFPB Standards: “The Ethical Foundation for CFP Certifications”
CFPB is reviewing its “Ethical foundation for CFP certification.” This review is timely. The advice market is undergoing a basic transformation. New technologies, the DOL Rule, more demanding investors and lowering costs are change agents. Higher ethical standards are in demand. CFPB should answer the call and lead.
