Three Washington Heavyweights to Drive Advisor Agenda in ’13
Three key Washington heavyweights will have a crucial role in advisors’ lives next year: Elisse Walter, the new SEC chairman; Rep. Jeb Hensarling, the incoming House Financial Services chairman; and Phyllis Borzi, at the DOL’s EBSA.
CFP Board Chairman Goldfarb’s Resignation Raises Questions
It was an unexpected—and shocking—announcement: Alan Goldfarb, chair of the CFP Board’s board of directors, resigned in early November along with two members of the Board’s Disciplinary and Ethics Commission (DEC).
New Hire Roundup: Commonwealth Named as a Top Place to Work—Again
This week in new hires, Commonwealth Financial Network once again made the Boston Globe’s list of top places to work in Massachusetts; Ellen Turf announced she would depart NAPFA next year; and Intech announced a new hire and promotions.
Should Advisors Have to Disclose All Pressures to Maximize Revenues?
The fiduciary and broker bonus debate revisited, with the help of Ron Rhoades. Should RIAs have to disclose their salaries and bonuses?
NAPFA CEO Ellen Turf to Step Down Next Year
Turf's announcement comes on the heels of a shakeup on NAPFA’s board in August, when Ron Rhoades voluntarily resigned from his chairman-elect position due to a compliance violation.
Clear as Mud: The CFP Board’s Blackbox Oversight Process on Ethics
In the digital age, the Board’s process in the Alan Goldfarb, et al., case just doesn’t cut it. And what’s up with The American College piling on?
CFP Board: Let CFPs Vote on the Future of Financial Planning’s Character
The CFP Board should affirm the fiduciary duty's importance to CFPs and welcome a referendum of its designees to determine its way forward.
Breach of Fiduciary Duty Most Common FINRA Complaint
While attending the last in a series of events to celebrate what the Institute for the Fiduciary Standard christened as Fiduciary September, one comment stood out: The No. 1 compliant in FINRA arbitration cases is breach of fiduciary duty.
What Consumers Want: NAPFA’s Infographic Is Good, But…
...it fails to address the question that should be top of mind for the entire financial planning community: Why don’t more people go to financial planners?
Breach of Fiduciary Duty No. 1 Complaint in FINRA Arbitration Cases
Experts including former SEC Chairman Harvey Pitt and Ron Rhoades debated whether brokers should be held to the same fiduciary standard as advisors.