What a GOP Senate Takeover Means for Dodd-Frank, CFPB, User Fees
AEI's Peter Wallison and others weigh in on what advisors can expect now that Republicans have dominated the midterms.
Third of Clients Say They Didn’t Get Adequate Financial Planning Services
New research from the Financial Planning Coalition shows a lack of appropriate regulatory standards for those who say they are “financial planners.”
FPA Steps Up Lobbying Game With First ‘Advocacy Day’
FPA is pushing for a user-fees bill and trying to "establish relationships" with lawmakers.
The Latest, Most Outrageous Attempt to Neuter Dodd-Frank
When you look at its provisions and assumptions, you've got to wonder how SIFMA got Rep. Wagner to get HR 2374 passed by the House.
Bill to Kill Fiduciary Rules by SEC, DOL Heads for House Vote
The Retail Investor Protection Act may even pass the Senate, said an industry official, “especially if it gets strong bipartisan support in the House.”
Salary Removal: The Truth Behind Advisor Compensation
Clients don't need to know “how their advisor gets paid.” They need to know how they're paying their advisor.
The Cost of a Fiduciary Standard
A uniform fiduciary standard implemented by the Securities and Exchange Commission would cost brokers a total of $8 million in new compliance costs: $3 million to update their up-front disclosure documents and another $5 million for the initial build-out of compliance systems and training, according to the Securities Industry and...
Debunk Redux: Fiduciary Was Good for Brokers the First Time, Too
What happened to brokerage accounts following the FPA’s victory against the SEC in 2007 over the 'Merrill Rule' reveals as much about the brokerage industry as it does about the effects of a fiduciary standard.
Debunking Time: Fiduciary Duty Would be Good for (a Broker's) Business
The Financial Planning Coalition’s letter to the SEC debunks the securities industry’s current main objection that a fiduciary standard would cost too much for brokers.
Brokers Willing to Pay Up for Fiduciary Standard: SIFMA
In a clash of studies, SIFMA put the compliance price tag at $8 million, while the Financial Planning Coalition said fiduciary accounts would be more boon than burden for brokers.