Too Optimistic? Was the Obama administration “much too optimistic about how quickly stimulus spending would affect the economy,” as Paul Krugman reports in his July 5 New York Times blog post?

Portfolio re-construction: Roger Gibson and Ben Warwick discussed how they’re rethinking portfolio construction and allocating assets now, in our July 1 Webinar–for which more than 1,000 people registered. Listen and view here.

No Commissions: could that happen here? The Financial Services Authority (FSA)–which regulates UK financial services–proposed on June 25 a ban on commissions, as well as other provisions intended to “build people’s trust and confidence in the retail investment market.” Read more.

More Editor’s Choice for July 6. Comments? Please send them to kmcbride@wealthmanagerweb.com

BLOG

WealthManagerWeb is delighted to introduce a new blog on re-regulation and compliance by Knut A. Rostad.

Talking the “Fiduciary Talk” in Washington: Some words are clear enough. The Obama Administration proposes that brokers giving investment advice should meet a fiduciary standard. SEC Chairman Mary Schapiro states strong support for a fiduciary standard. What is not clear is how these expressions of fiduciary support will translate into legislation. Longstanding industry opposition will not just go home. For more click here.