Dave Ramsey, the popular financial author and personality, initiated a Twitter firestorm by attacking a number of financial advisers who questioned his investment advice. Mr. Ramsey had some choice words for professional advisers, lashing out and even colorfully referring to himself as the 'big dog' that was 'biting back' at his vocal critics. Here are the juiciest tweets from the Ramsey-advisers exchange:
Commission accounts could be preferable for some clients, and advisers could be incentivized to move from employee broker-dealers to independent channels.
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While advisers face the difficult task of analyzing the law's impact, they will also have a significant opportunity to prove their value by implementing money-saving strategies for clients as well as their own businesses.
The provision is tricky, but could provide advisers and business-owner clients with sizable tax savings.
Measures would obligate financial advisers to tell clients they do not have to act in their best interests.
Texting has been a popular mode of communication for years, but in the past the firm's regulations have prevented advisers from using it.
10-year Treasury rate's move above 2.5% confirms outlook for fixed income, legendary bond manager says.