In comparing U.S. parenting styles with those of other countries, American-Israeli behavioral scientist Dan Ariely told me we pay a lot for our belief in letting children make their own decisions without lecturing to them about what's right and wrong. In the rest of the world, he pointed out, kids are still kids for many years after they reach 18: "Italians tell their children, 'Save 25% of your paycheck,' and they keep telling them that well into young adulthood." Even if 25% is too low a number, Ariely added, it's better than nothing. He believes parental rule-setting can yield positive results, while allowing youngsters to make their own mistakes may have disastrous financial consequences.
Access complimentary resources from Cambridge Investments to help navigate the fiduciary rule changes.
If you’re thinking of changing broker-dealers, you owe it to yourself to read this article that covers all major aspects of the transition process.
This White Paper outlines the immediate actions firms can take to correct outdated and costly supervision procedures.
Sep 27, 2016
Some broker-dealers have already decided to exit certain lines of business and are sizing up how the rule will impact their IT and compliance budgets....
Sep 20, 2016
This webcast will review the key aspects of the amendments and the steps that funds and intermediaries can take in order to comply with the...
Sep 13, 2016
Nationwide is providing a deeper look into the rule’s implications and a discussion of decisions firms will need to make in order to comply.