Advisors who want to market themselves in a Reg BI world need to show the advantages of working with a fiduciary while underscoring brokers’ weaknesses.
Advisor News
Swipe left on the SEC’s investor-protection rule
After showing early promise to fix industry self-interest, Reg BI has turned into a symbolic gesture by the SEC.
Advisers, experts either hate SEC advice reforms or love them
“The Regulation Best Interest rules are a catastrophe for investors that will become known as Black Wednesday,” Knut Rostad said after emerging from the SEC meeting. “Investors will have to search even more diligently for real fiduciary advisers.”
Meet Margaret from Maryland
Meet Margaret from Maryland. She had been relying on the advice of brokers for many years but contacted a fiduciary (CFP®) for a second opinion when the broker recommended that she buy another annuity to add to the two she’d already been sold.
Scott MacKillop Wins Investments & Wealth Institute Governance Insight Award
First Ascent Asset Management, a portfolio strategist serving financial advisors, today announced that its founder and CEO, Scott MacKillop, is the recipient of the Investments & Wealth Institute’s 2019 Governance Insight Award.
Professor Frankel testifies in Boston for Institute
“With the information required by Massachusetts, clients can engage in intelligent conversations with an investment professional and can better comprehend a firm’s value proposition…”
