When selecting a TAMP for a client, an advisor should structure their due diligence process to focus on client benefits.
Must Reads
Important articles on the fiduciary standard. Visit our Must Reads archive page to read older articles.
Secretary of the Commonwealth of Massachusetts Galvin wants investment advisers to lay out fees for clients
One-page document would crystalize costs highlighted in Form ADV for Massachusetts investors. Knut Rostad praised William Galvin for illuminating fees.
Will Nevada’s fiduciary rule cause big broker-dealers to leave the state?
According to Kenneth Corbin’s reporting in Financial Planning, it might. Corbin reports that firms such as Morgan Stanley, Wells Fargo, Schwab, and TD Ameritrade write in comment letters to Nevada the new rule would dissuade their offering their BD transaction services.
Maryland Lawmakers Get Earful On Proposed Broker Fiduciary Rule
Knut Rostad, founder of the Institute for the Fiduciary Standard, directed Maryland lawmakers to his group’s website, where real investor “Gail from Maryland” tells her story of being ripped off by an abusive broker.
Opponents of Maryland fiduciary bill tell lawmakers to wait on SEC
Knut Rostad praised the Maryland (fiduciary) bill, saying it would provide better investor protection than the SEC proposal.
As states clash with feds over fiduciary, regulation jitters rise
![Dave Parker [CC BY 3.0 (https://creativecommons.org/licenses/by/3.0)]](https://thefiduciaryinstitute.org/wp-content/uploads/2019/03/NevadaLegislatureBuilding-300x175.jpg)
First the Labor Department’s fiduciary rule collapsed. Then the SEC proposed Regulation Best Interest, a new broker regulation that left many investor advocates wanting more.
