Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Regulation and Compliance > Federal Regulation

Fiduciary Standard Survey Extended

Your article was successfully shared with the contacts you provided. and fi360 are jointly conducting a survey of fiduciary attitudes of financial advisors. We invite all advisors to tell us what you think about the fiduciary standard and its potential extension to those who provide advice to individual investors. We’ve extended the deadline to participate to Dec. 23.

The fi360-AdvisorOne Wealth Fiduciary Standard Survey is intended to be a barometer of advisors’ attitudes, concerns and trends on fiduciary issues, including many of the controversial aspects of possible extension of the fiduciary standard. Compensation, enforcement and how clients perceive the differences between investment advisors and brokers are all included in the short survey.

The discussion over whether all advisors who provide advice to individual investors should do so under a fiduciary standard, rather than a suitability standard, is part of the financial services re-regulation discussion underway in Washington. As required by the Dodd-Frank act, the Securities and Exchange Commission is currently studying gaps in broker-dealer and investment advisor regulation, and whether to extend the fiduciary standard to brokers who provide advice to individual investors.

The SEC will report its findings to Congress in January and may then make new rules regarding who has a fiduciary duty to clients. This editor is a member of The Committee for the Fiduciary Standard.

Participation in the survey is anonymous. The survey will be available through December 23 and results will be available in early January.

To take the survey, please click here.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.