More On Legal & Compliancefrom The Advisor's Professional Library
- Suitability and Fiduciary Duty Recommending suitable investments is more than just a regulatory obligation. Many investors bring cases claiming lack of suitability, so RIAs must continuously put the onus on clients to notify the advisor of changes in their financial situation.
- RIAs and Customer Identification Just as RIAs owe a duty to diligently protect their clients privacy and guard against theft, firms also play a vital role in customer identification. Although RIAs are not subject to an anti-money laundering rule, securities regulators expect advisors to address these issues in their policies and procedures.
Forbes.com writer Ahmed Taha analyzes the SEC's warnings to investors about not using a fund's past performance to predict future performance.
WealthManagerWeb.com writer J. Gibson Watson III shares points in favor of active portfolio management.
Marc L. Ross, CFA, CFP, shares an introduction to hedged mutual funds at Investorpedia.com.
James E. McWhinney offers an excellent summary of mutual funds' emergence and development.
Forbes.com gives a great overview of this new development in an unusual format.