The Non-Promise of Portfolio Growth for Clients
My mistake. Advisors of course can't promise clients future results. And yet, what's the better word to describe the client-advisor relationship?
Follow the (Proprietary) Money: The Curious Case of Broker Johnny Burris
A JPMorgan broker’s experience is further evidence of why the sale of financial products does not mix well with the delivery of fiduciary advice.
Fiduciary vs. Broker: It’s a Matter of Cost
Here's what I think caused the rift between brokers and their BDs.
Rethinking Best Practices for Fiduciaries
The FPA won a 2007 lawsuit stopping the SEC from expanding the broker exemption, but was it a victory for investors?
Tech Support: New Website Connects Advisors With Services
I’ve written before that technology gave rise to the independent advisory industry.
Are Brokers Really as Anti-DOL Fiduciary as Their BDs?
Brokers are the men and women on the front lines of where a DOL fiduciary rule would be played out. What's their perspective?
Caveat Empty: Most Clients Don’t Understand the Brokerage Business
The principle of caveat emptor went out the window when brokers started using the moniker “advisor” to evade the ’40 Act standard.
Deadlock: Why the SEC’s Stalled on a Fiduciary Standard for Brokers
The views of the departing SEC commisioners capture the essence of the current fiduciary debate.
Designer Bag Ladies: Understanding Female Clients
Male advisors need to realize that women have a perspective on money that's very different from their own, Bob Clark writes.
Robo-Advisors: Just Another Distribution Channel?
Conflicting revenue sources, self-dealing, and low client care standards. As Barbara Roper says, "How’s that any different from the rest of the financial services industry?"