A state-by-state approach to fiduciary standards would create a confusing and counterproductive regulatory patchwork that would impede advisers' ability to provide guidance.
If rules don't define advisers' obligations, it's hard for firms and advisers to operate their businesses and providing guidance to clients
Form CRS uses a simplified approach to help clients more fully understand the terms of their relationships with advisers
The industry has focused on compliance, often overlooking the fact that the supervision function has the same need to network and learn more about common practices
FSI members met with legislators who are members of a new House Financial Services subcommittee on diversity and inclusion.
Key items include supporting the SEC's Reg BI, working to restore the deductibility of advisory fees and advocating for the adoption of NASAA's elder abuse rule.
The agency's approach allows firms to comply with new guidelines while while tailoring their practices to their own businesses and clients.
Center-of-influence networks, which can serve as a source of referrals, remain primarily the domain of men.
FSI member Bradley Brown spent years lobbying the Ohio legislature for reforms in the state's rules on UTMA accounts.
Allowing groups to negotiate health plans with insurers could make it easier for small businesses to find affordable coverage.
