Editor's Choice for July 24

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.