The Institute submitted a comment letter to the Iowa Insurance Division on its proposed rulemaking in light of SEC’s Reg BI.
The Institute contends in a new whitepaper that SEC and CFP Board rules will sweep away key principles of the Advisers Act.
SEC staff to issue two “Risk Alerts” for further guidance.
Advisors who communicate quickly, openly and honestly … will come out in a stronger position.
On March 26, there was a half-hour conference call with the Institute, Moneta Group Investment Advisors, Creative Planning, Modera, Abacus Planning Group, the Alliance of Comprehensive Planning, and Western Kentucky University.
Knut Rostad, president of the Institute for the Fiduciary Standard, said investors should have a clear idea of which advisers are fee-only.