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.
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.
Bullard’s Blistering Critique of House Fiduciary Plan Offers Way Forward
A congressional hearing in late May showcased the latest arguments against SEC fiduciary rulemaking.
The Election and Advisors: FPA’s Dan Barry Reports, and Predicts
Looking at next year’s advocacy agenda for FPA, much depends on the election and who is placed in key positions. A rundown of the big issues for planners, and what different election scenarios mean for those issues.
Vanguard’s Bogle to SEC’s Schapiro: Include Institutional Advisors in Fiduciary Rule
In the debate over how to shape a fiduciary mandate for brokers, Vanguard founder John Bogle says that the SEC should include in its rule advisors to registered investment companies, which have been “ignored.”
Clearing's New Space
In these challenging times—lethargic economy, record-low interest rates, high market volatility, softer trading volumes and a regulatory overhaul—the top firm in the clearing space has decided to totally transform its business model.
A Tale of Two Futures: Will You Be the Best Advisor for Clients, or the Worst?
Consumers are ready to be proactive about their financial planning, but we believe that there will be an increasing bifurcation between advisors who cling to a transactional mindset and those who operate as true consultants to their clients.
The Spirit of Scottrade: Little Firm Pushes Big Value
If you haven’t heard of Scottrade Advisor Services, you’re forgiven. Started in 2005, it resides in the decidedly non-financial hub of St. Louis, but the institutional business is coming on strong, finding a niche among the big boys.
Hearing on Bachus' SRO Bill Set for June 6
The House Financial Services Committee announced Wednesday that it will hold a hearing on June 6 on the redraft of Rep. Spencer Bachus’ bill calling for an SRO to oversee advisors.
Bachus Reintroduces SRO Bill
House Financial Services Chairman Spencer Bachus reintroduced in late April his draft bill calling for a self-regulatory organization (SRO) for advisors.