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?
Final DOL Rule Could Place Indexed Annuities Under Variable Umbrella
Advisors should thus ensure that sales practices comply with the rules.
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.
Brokers' Views on DOL Fiduciary Rule Seem to Diverge From Their BDs'
Broker-dealer firms generally and overwhelmingly reject the Dept. of Labor's BICE requirement as “unworkable." Their reps are not so negative.
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.
Your Personal Road to Independence: Should You Take It?
If you’re an employee advisor, ask yourself these questions before you hit the independence accelerator, Mike Patton says.
Advisor Reliance on Compliance Consultants Hangs in the Balance
Robare has morphed from an alleged conflict of interest case into one that calls into question advisors’ reliance on compliance consultants.
Sen. Warren Slams Annuity Providers, Sellers for ‘Conflicts of Interest’
Warren says companies provide $17 billion in direct or indirect “kickbacks” to advisors who sell annuities; industry groups question her conclusions.
5 Reasons Most Robo-Advisors Are Not, in Fact, Advisors
Every advisor should read Melanie Fein’s report highlighting robos’ shortcomings, Bob Clark writes, suggesting "digital brokerage platforms" would be a better name.
Spending Bill Rider May Be Best Way to Stop DOL Rule: Rep. Wagner Aide
Legislative staffer says adding rider to broader spending bill would keep the president from vetoing it. Failing that, there's the lawsuit option.