Phyllis Borzi roundly criticizes the DOL class exemption that would allow retirement plan advisors to receive commissions.
Important articles on the fiduciary standard. Visit our Must Reads archive page to read older articles.
The Institute contends in a new whitepaper that SEC and CFP Board rules will sweep away key principles of the Advisers Act.
Advisors who communicate quickly, openly and honestly … will come out in a stronger position.
Knut Rostad, president of the Institute for the Fiduciary Standard, said investors should have a clear idea of which advisers are fee-only.
The disclosure underscores the need for CFP Board to provide additional guidance to CFPs required to manage material conflicts.
Massachusetts is looking to enforce an industry-wide fiduciary standard within its own borders. Will other states follow?