After five years and thousands of pages of commentary and analysis since the Obama Administration called for subjecting brokers to the fiduciary standard in June 2009, is there anything new?
Knut's Views
An ‘adviser’ in name only
Calling a broker an adviser is dangerous, and it’s time to embrace the black-and-white distinction Kudos to InvestmentNews! Fiduciary September comes to a close this week, and one of the central themes has been the vital importance of clearly separating sales from advice in law, practice and the minds of investors. A September 28 InvestmentNews […]
Schwab Ad Targets Costs of Opaque Brokerage Fees and Expenses
In another of its 30′ TV ads in its “Accountability” campaign, Charles Schwab hits the jackpot in deftly handling opacity around fees and expenses. In just seconds the ad speaks volumes about why not clearly reporting the total investment costs clients pay for brokerage or advisory services can be harmful…. and why the industry must […]
Fiduciary Advisors Are in Peril: How to Fight Back
Fiduciary advisors are in peril. The brokerage industry is smothering fiduciary advisors in a well-oiled Wall Street-Washington lobbying campaign.
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 […]
