Knut Rostad, president of the Institute for the Fiduciary Standard, said investors should have a clear idea of which advisers are fee-only.
Important articles on the fiduciary standard. Visit our Must Reads archive page to read older articles.
Northwestern Mutual Disclosure of Conflicts for CFPs Reveals Scale, Scope, Complexity and Opacity of Incentives
The disclosure underscores the need for CFP Board to provide additional guidance to CFPs required to manage material conflicts.
Massachusetts is considering its own investor protection rule. Brokerage and insurance groups oppose it
Massachusetts is looking to enforce an industry-wide fiduciary standard within its own borders. Will other states follow?
The SEC’s Videos About Financial Planners Misses the Mark, Writes Carolyn McClanahan
“In five bite-sized offerings, Chairman Jay Clayton fails to tell the public what it needs to know about RIAs vs. brokers.”
FINRA will Defer to SEC on Interpreting Best Interest Rule
FINRA will be responsible for examining brokers for compliance, yet FINRA CEO says ‘It’s not our rule. It’s an SEC rule.’
New SEC Videos Aim to Help Investors Identify Brokers vs. Investment Advisers
The SEC’s new investor education videos are criticized for glossing over important details of business models and conflicts.