This week on social media with advisers
The White House and Department of Labor announced a push for fiduciary standards, the president gave adviser Sheryl Garrett a shout out and advisers responded to Morgan Stanley's leaked take on the Hunger Games.
It’s been a busy week on Twitter for advisers.
The White House and Department of Labor announced a push for fiduciary standards, the president gave adviser Sheryl Garrett a shout out and advisers responded to Morgan Stanley’s leaked take on the Hunger Games.
Here’s what you may have missed:
• During a speech at AARP headquarters, President Barack Obama directed the DOL to restrict brokers’ handling of retirement planning to follow fiduciary rules. The videos posted by the DOL to complement the announcement shook some advisers, who said the word adviser was too loosely used and targeted them. Others, like Blair H. duQuesnay, embraced the announcement, saying it was about time the White House addressed such an important issue.
Ms. duQuesnay led a conversation on the matter.
@BlairHduQuesnay (1/2) I’m at an indie BD. Most concerned about how to deal with smaller accounts. Fees aren’t practical for the advisor.
— dave_melling (@fedspecialists) February 24, 2015
• During that same speech, the president said he was proud of Sheryl Garrett, an adviser with an hourly fee business.
Obama gives shout-out to @SherylGarrett (a past member of the @cnbc FA Council) at event on DOL fiduciary standard.
— Jim Pavia (@jimpavia) February 23, 2015
• Advisers were abuzz when InvestmentNews published an exclusive on Morgan Stanley’s Hunger Games-inspired video. Some took to Twitter to show their distaste for the firm’s untimely sense of humor.
Awful Hunger Games parody video for MorganStanley mgrs. http://t.co/Oo3Ienzp0M What was this $70B co. thinking? HT @ReformedBroker
— Colin Camerer (@CFCamerer) February 24, 2015
Others poked fun at the company.
**CRINGE**. Morgan Stanley made a Hunger Games-inspired video. 50 Shades next? http://t.co/rTghrMfWzY
— Katie Martin (@katie_martin_FX) February 25, 2015
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