By Knut A. Rostad Originally posted on ThinkAdvisor, June 13, 2017 Simple — ask investors The CFP Board announced on Tuesday that it will release a draft of proposed changes to its Standards of Professional Conduct on June 20. The Institute for the Fiduciary Standard applauds the CFP Board for reviewing its […]
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What advisers must do to survive in a fiduciary world
It’s June 9, and the DoL fiduciary rule has arrived – sort of. The cornerstone of the rule, the Impartial Conduct Standards, effectively becomes part of any engagement not explicitly grandfathered. This is good.
Secretary Acosta, Candor and the DOL Rule
Labor Secretary Alexander Acosta’s Wall Street Journal op-ed last week on the DOL fiduciary rule is a public service. Secretary Acosta writes with candor on the administration’s opposition. In so doing, he advances the fiduciary conversation.
The Fiduciary Standard: What Would Peter Drucker Say?
Last week the Institute for the Fiduciary Standard announced the first class of 27 Best Practices Advisors. Vanguard founder Jack Bogle and personal finance columnist and author Jane Bryant Quinn joined the Institute for a briefing in New York. A common question from journalists during and after the briefing was, ‘What’s new?’
What DOL Fiduciary Victory Feels Like: The Texas Court Decision
Wednesday’s win in Texas federal court for the Labor Dept.’s fiduciary rule is important and deserves attention. Judge Barbara M. G. Lynn’s extensive review of the industry case against the DOL rule, the fiduciary standard and investors is an unequivocal investor victory.
How President Trump’s Conflicts Can Help RIAs
Mounds of research show most investors have no clue of the magnitude of the opaque BD compensation conflicts and what these conflicts cost them. Even Merrill Lynch’s John Thiel has publicly noted his customers don’t know what they pay.
