More On Legal & Compliancefrom The Advisor's Professional Library
- Whistleblowers A whistleblower is any individual providing the SEC with original information related to a possible violation of federal securities law. The Dodd-Frank Act established a whistleblower program that enables the SEC to reward individuals who voluntarily provide such information.
- Scope of the Fiduciary Duty Owed by Investment Advisors A fiduciary obligation goes beyond the suitability standard typically owed by registered representatives of broker-dealer firms to clients. The relationship is built on the premise that the advisor will always do the right thing for the person or entity receiving advice.
In a field where they make up barely 25% of practitioners, women in wealth management are changing the style and tone of the profession. Securities and Exchange Commission Chairman Mary L. Schapiro heads the Top 50 Women in Wealth Management named by our sister publication Wealth Manager. in their May issue and she's certainly gotten the attention of columnnist Bob Clark, but she's not the only woman on the list worthy of attention.
Being named to the Top 50 is not about books of business or assets under management. Rather, the magazine looked for the leaders, influencers and mentors, in short women who excel in a profession where their influence belies their numbers.
You can read more of Kate McBride's interview with Mary Schapiro as well as profiles of some of the 49 other women on the list at wealthmanagermag.com.