Group Think

The Centre for Fiduciary Excellence enhanced its investment advisor certification program so that CEFEX-certified firms in the U.S. will receive a copy of a legal opinion issued by Reish Luftman Reicher & Cohen of Los Angeles stating the IA firm “has practices and procedures in place that equal or exceed the investment fiduciary requirements” of ERISA…

The FPA has formed a new panel whose goal is to “identify the best practices for the financial planning profession under the new CFP fiduciary standard.” The task force comprises members from large financial planning firms to independent fee-only planners to broker/dealers and compliance professionals. It also includes representatives from FPA leadership committees and the Board of Directors, as well as representatives of the CFP Board of Standards and Fi360, a fiduciary accrediting association. The Best Practices Task Force is made up of: Rick Adkins, Jim Agostini, Blaine Aiken, Gary Altman, Eleanor Blayney, Bob Brown, Bill Butler, Peggy Cabaniss, Dan Candura, Samuel Gallucci, Stephen Johnson, Michael Kickham, Jeffrey Lauterbach, John Martin, Rick Mayo, Knut Rostad, Kenneth Ziesenheim, Duane Thompson, and Dan Barry…