Board to Death: Is the CFP Board’s New Fiduciary Standard Really Better Than No Standard at All?
Back in 2008, the CFP Board announced that it was revising its professional standards to include a requirement that CFPs act as fiduciaries for their clients.
3 Reasons DOL Fiduciary Rule Will Stay Intact: ERISA Attorney Wagner
Marcia Wagner says the administration’s focus on the fiduciary rule shows how “important the private pension system is to our safety net of this country.”
Should You Jump on the Buffer Annuity Bandwagon?
This product offers an appealing cross of annuity products that clients clearly want, but advisors should look before they leap.
Blackstone Booming Ahead in Nontraded REIT Business
Working with the wirehouses, rather than exiting the market like W. P. Carey, is Blackstone's approach.
CFP Board Seeks to Impose 'Strengthened' Fiduciary Standard on All Advice
Proposal out for a 60-day comment period; Kitces wonders if board is prepared to enforce and discipline those not in compliance.
Advisors’ Use of Digital Technology Needs Overhaul: Global Wealth Report
Digital initiatives have largely centered on providing customers with basic portfolio functionalities, but more is needed.
Trump Said Likely to Name Hester Peirce as SEC Commissioner
Peirce, a former SEC counsel and Senate aide, is the Trump administration’s likely choice to fill the open Republican seat at the SEC.
Senate Finance’s Hatch Seeks Public Input on Tax Reform
Senate Finance Committee Chair Orrin Hatch is seeking public input on how Congress should improve the tax code.
Sen. Warren Asks Fed to Oust Wells Fargo Board Members
Senator says board ‘did nothing to stop rampant misconduct;’ Fed says it received Warren’s letter and will respond.
W. P. Carey to Exit Nontraded REIT Business
Trends suggest that regulatory issues (like DOL) played a part, along with some fallout from the RCAP-Schorsch debacle.