Fiduciary Professions

Why the Existing Fiduciary Rule Won’t Work for Brokerages

Tue, 09 Sep 2014 15:45:00 +0000

As part of Fiduciary September festivities, RBC Wealth Management’s John Taft challenged fiduciary standard advocates, and explained why the current standard won’t fly in the brokerage world.

Indie Advisor

CFP Board: ‘We Could Have Done a Better Job’

Wed, 21 May 2014 20:37:00 +0000

Are you really "fee-only"? The CFP Board wants to know.

The CFP Board admits it could have done a better job with compensation disclosures on its website. The Board now plans to do a systematic review of a random sample of 3,500 CFP holders who identify as “fee-only."

Left a Bad Firm? You Are Now on FINRA’s Radar

Thu, 02 Jan 2014 21:51:00 +0000

In its annual regulatory and examination priorities letter released today, FINRA said it will focus on brokers who leave "problematic" firms. FINRA will also be cracking down on firms that hire high-risk advisors.

FINRA’s Proposed Changes to the Broker Expungement Process

Wed, 11 Dec 2013 14:52:00 +0000

In April 2012, FINRA released Regulatory Notice 12-18, which features the Authority's proposed overhaul of the broker expungement process. The overhaul applies primarily to brokers whom customers do not name as defendants to their FINRA lawsuits.

Is a Designation Worth It?

Wed, 01 May 2013 00:26:00 +0000

Advisors who have professional designations earn more, according to new research by Aite Group presented at the IMCA annual conference in Seattle.

Fiduciary Advocates Take Issue with SEC’s Request for Comments

Fri, 19 Apr 2013 15:32:00 +0000

Advocates for the fiduciary standard on the RIA side voiced their concerns over the SEC’s recent request for comments during an fi360 webinar Thursday.

Calling All Oustanding, Philanthropic Advisors: It's Our 33rd Annual Advisors with Heart Awards

Mon, 28 Jan 2013 20:02:00 +0000

If you are a retail financial advisor (independent, RIA-affiliated, wirehouse --- it doesn't matter where you sit), please contact me or any of WealthManagement.com and REP. staffers. We are searching for candidates to receive our 33rd annual Advisors with Heart Awards. The award and profiles (and how-to incorporate philanthropic advice into your practices) will appear in the May issue, both in print and online.

Von Aldo

Nice Speech, Obama. Shame about the Facts: What's an FA to Do, Planning-Wise?

Mon, 21 Jan 2013 22:38:00 +0000

Yes, I am reaching back into the archives on this argument, but the point is still valid: If you have clients who are expecting their DB plans to come through during retirement or, heaven forbid, rely upon social security, whew!

Von Aldo

DOL’s Fiduciary Proposal Presents Renewed Threat to Securities Industry

Wed, 16 Jan 2013 18:01:00 +0000

SIFMA expects a DOL fiduciary proposal in the second quarter of this year, renewing the industry’s concern over the possible legislation, which the organization says is contrary to the SEC’s.

SIFMA expects a DOL fiduciary proposal in the second quarter of this year, renewing the industry’s concern over the possible legislation which the organization says is contrary to the SEC’s.

Some Say Obama Went Easy on You, But Will It Be No More Mr. Nice Guy?

Wed, 07 Nov 2012 17:20:00 +0000

The long-anticipated presidential election is over, and maybe the markets can breathe a sigh of relief, but not the securities industry.

Yield of Dreams