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.
Valliere Upbeat on Ryan, Economy; Predicts Clinton vs. Rubio Election
The political strategist talks about why both parties are terrified of their presidential front-runners and says the fiscal picture is brighter than many observers think.
FSI Urges Advisors to Prepare for ‘Post-DOL World’
Trade group spells out what many changes will look like as new fiduciary rules move forward in Washington.
How Fiduciary Rule Will Change Advisor Business: AIG Advisor Group Panel
FSI's Dale Brown joined other experts at the ConnectED conference in San Antonio to address the practicalities of DOL's fiduciary rule.
5 Trends Impacting LPL’s Results & IBD Space
The independent broker-dealer sees M&As, fiduciary matters and lower sales of alternative products ahead.
Time for Wall Street to Show Investors Their Trust Matters
Next week’s DOL hearings will provide firms with the public forum to demonstrate their support for a workable best interest standard.
Most Advisors See Little Effect From New Fiduciary Rules, Survey Finds
But, expert asks, do reps really understand what they will need to do to fully monitor and manage investment suitability?
FINRA Blasts DOL’s Fiduciary Redraft as ‘Fractured, Confusing’
In its 21-page comment letter, FINRA tells DOL to modify its plan so that BDs do not abandon small accounts.
DOL Extends Fiduciary Comment Period by 15 Days
With the 15-day extension, “the initial comment period will be 90 days and the department anticipates the opportunity for public comments may be more than 140 days in total,” DOL says.
Sen. Hatch: SAFE Retirement Act Will Be Reintroduced
Senate Finance Chairman Orrin Hatch, R-Utah, plans to resubmit legislation to stop DOL from writing fiduciary rules for IRAs.