Come Together (for Fiduciary Best Practices)
Knut Rostad's thoughtful white paper calls on the advisory industry to set fiduciary best practice standards.
Top Portfolio Products: Van Eck to Subadvise Market Vectors’ China A-Share ETF
Also new this week are two funds from Thornburg Asset Management, four funds from American Independence and a new AICPA tax calculator.
SEC Gets an Earful From Advisors on Fiduciary Standard
Comments to the SEC from individual advisors—yes, most of them RIAs—call for one standardized fiduciary duty for all. Even Vanguard founder John Bogle weighed in.
Historic Moment as Planner Groups Voice Clear Support for Fiduciary Standard
In a letter to the SEC, the FInancial Planning Coalition and consumer groups make a cogent argument for why the SEC should impose the same standard for all advice givers.
Don’t Flub Fiduciary Rule, Groups Urge SEC
A broad group of organizations fears the SEC is headed toward proposing a watered-down fiduciary rule.
Why We Need a Financial Advisory Profession
The very good reasons why retail investors—all of us, in fact—need a true profession to provide financial advice.
NAPFA’s CFP-Only Stand: A Step in the Wrong Direction
A curious move, at a curious time, for purportedly, a curious reason, that is also a slap in the face to CPAs with the PFS credential.
What’s Next for IRS and Tax Planning? Commissioner’s Remarks Offer Some Hints
Douglas Shulman’s farewell speech at AICPA conference suggests what advisors and clients may expect from the IRS in the near future.
New Hire Roundup: U.S. Bank Names Jeppson CIO of Private Client Group
This week in new hires, Mary Martuscelli joined The Private Client Reserve as west region president, and Moss Adams announced a transition in leadership.
Oversight Board Calls First Report on BD Audits ‘Disturbing’
The PCAOB’s first report on the interim inspection program for auditors of SEC-registered BDs has found many of the audits lacking.