By Bob Veres, October 22, 2018 FinancialPlanning.com After Vanguard CEO Tim Buckley gave his startling keynote address at the Inside ETF’s conference in January (sole diamond sponsor: Vanguard), I received at least 30 email messages from advisors. Buckley’s words were certainly alarming: He said that Vanguard plans to attack financial planning and investment advice fees the […]
Institute & Industry Leaders
Go back to the drawing Board on conduct standard proposals.
In a comment letter to the SEC, The Secretary writes,” It is evident that the Commission has abandoned a Fiduciary standard in the name of ‘choice.'”
Institute Announces New Appointments
The Institute for the Fiduciary Standard today announced five new appointments. The appointments come as fiduciary duties remain front and center in securities regulation review at the SEC and in the marketplace.
5-Part Test Left Plan Sponsors “Holding the Bag”
For eight years Phyllis Borzi worked hard to make the fiduciary obligation consistent among service providers to the nation’s corporate retirement plans. When she retired last year, she looked forward to beginning to cross off those many deferred wishes from her bucket list. She has. But she hasn’t left the team.
Small Investors: Dump Brokers’ “Incidental” Advice, Get Real Advice
The simple fact remains that investment advisers represent their clients and broker-dealers represent issuers. Investors deserve real advice. That’s why we formed the No Incidental Investors initiative.
My Fiduciary Advocacy Trip to Washington
I believe the fiduciary movement is making real progress. A few years ago, I regularly heard, “What does fiduciary mean?” Now, frequent internet searches for “fiduciary” or “fee-only” advisors find us. Many clearly understand. Nevertheless, there is still confusion.
