Plus: Bank stocks and the election, how the DOL rule could hit adviser pay, and seven 'stupid' ETFs
The former commissioner began a seven-year stint just as the financial crisis began.
Mr. Rostad says RIAs should be much more proactive when it comes to fiduciary.
Industry executives see the potential for changes to the rule, but say firms would be wise to continue to work toward the scheduled April implementation.
<i>Breakfast with Benjamin</i> Plan to default on $1 billion worth of general obligation bonds has markets on alert.
While passive investing and the DOL fiduciary rule have contributed to investors' cost sensitivity, the advice industry has managed to stay outside the fray &mdash; so far.
Founders of The Filla Latzke Group pull stakes
Analysts, advisers struggle with when, where and why to use alts
Also remind clients that performance is “manager-dependent instead of market-dependent,” says Blackstone's Avi Sharon.
The firm's chief investment strategist says traditional investing strategies like the 60-40 portfolio are outdated and risky.
