If Broker Arbitration Is Good for Investors, Why Is It Mandatory?
FINRA and its member broker-dealers inherently have a massive PR problem—one that isn’t going to go away with some lipstick and a bit of makeup.
Fiduciary Debate 2016: A Watershed Year
A January paper released by the Institute for the Fiduciary Standard detailed regulatory and fiduciary issues on the table in 2016, among them, the SEC's fiduciary standard for brokers.
Broker Arb Lessons From Animal House and Brian Hamburger
A reader questions my objectivity on broker-dealers and FINRA arbitration. I respond, then get Brian Hamburger to weigh in.
The Bright Side of Investor Distrust
If, as a recent poll found, investors are "scared" of working with advisors, that might be a good sign.
Will Active Share Be the Robo-Advisor Killer?
Research shows that fund managers who don't blindly follow their bogeys can outperform. Picking them can justify your advice, and your fees.
A Fiduciary Primer: What’s a Rep’s Responsibility to Clients?
Questions from a veteran RIA — and former broker — reveal the lack of understanding among advisors of the fiduciary issue.
Is FINRA the Fox Guarding the Henhouse?
As I’ve written before, I have a grudging respect for the securities industry and its self-regulatory organization, FINRA: If he were alive today, Lex Luthor couldn't do it any better.
Quiz Time: Do Investors Understand How Financial Services Really Works?
Financial literacy is a noble goal, but clients and investors would be better served by understanding some basics about the industry.
Is the Future of Financial Advice as Dim as Millennials’ Finances?
They’re saddled with debt, including short-term loans, and financially illiterate. So how can they replace your boomer clients?
What’s Up With 12b-1 Fees?
As a fiduciary for your clients, should you invest in mutual funds that levy a 12b-1 fee?