Results for "fiduciary"

Displaying 991 results

Sort: Date | Relevance

Author:

FSI to focus on state fiduciary rule efforts this year

January 29, 2019

Dale Brown, president and CEO of the Financial Services Institute, said Monday that this year, the trade group for IBDs will focus on individual states' efforts to put in place fiduciary rules for brokers. In remarks in New Orleans to 700 attendees...

Regulators renew focus on best execution

January 28, 2019

When an investment adviser serves as an asset manager and has the responsibility to select broker-dealers and execute client trades, the adviser assumes a fiduciary obligation to seek best execution. The discretionary control exercised by advisers...

Jack Bogle: Capitalist rock star

January 23, 2019

Jack Bogle richly deserves the huge accolades he's receiving. Actually, he may deserve more. Vanguard's low-cost index funds improved the bottom lines of tens of millions. Vanguard's annual reports and Mr. Bogle's books and lectures raised investors'...

Advisers see more clients seeking second opinions

January 23, 2019

In the latest sign that financial planning is gaining professional status, clients are increasingly seeking second opinions. Some advisers attribute the trend to clients' growing awareness of fiduciary duty, while others say it comes with market...

Nevada fiduciary proposal packs punch with broad scope of coverage

January 23, 2019

A proposed regulation to raise advice standards in Nevada for stock brokers and financial advisers is receiving high marks from fiduciary advocates. Last week, the Nevada Securities Division released the eight-page regulation proposal to implement...

Fiduciary regulations continue to advance in states as SEC mulls national standard

January 18, 2019

A New York state lawmaker is optimistic about the chances this year for his fiduciary-disclosure bill, while a Maryland senator is poised to introduce a measure that would raise standards there. Adding to the mix is the Nevada Securities Division,...

Campaign spending at some big firms soared as the securities industry challenged the DOL fiduciary rule

January 4, 2019

A handful of political action committees funded by leading broker-dealers and custodians for registered investment advisers sharply increased their campaign spending in recent election cycles during which time the Department of Labor's now defunct...

T shares are dead

December 20, 2018

The Department of Labor fiduciary rule was expected to usher in a new era of mutual fund share classes that were more transparent and leveled the playing field for advisers. The death of the regulation altered the course of that revolution....

SEC's latest on fiduciary: Advisers can customize individual client agreements

December 19, 2018

When Securities and Exchange Commission chairman Jay Clayton asserted at a congressional hearing last week that investment advisers can "contract around" their obligation to act in a client's best interests, it caused some head scratching in...

Clayton tells lawmakers advisers can skirt fiduciary standard

December 11, 2018

Securities and Exchange Commission chairman Jay Clayton told lawmakers Tuesday that investment advisers can dodge a requirement to put their clients' interests ahead of their own if they put exceptions in their client agreements. In an appearance...

SIFMA says Reg BI raises broker standard above investment adviser requirements

December 6, 2018

A major financial industry trade association asserted Thursday that the Securities and Exchange Commission's investment advice reform proposal would result in brokers having to meet a higher standard of care than investment advisers. The SEC...

Best the SEC can do or huge step backward? Industry leaders tussle over advice reform

December 5, 2018

The Securities and Exchange Commission's proposal to raise investment advice standards for brokers doesn't represent a big change from current regulations but is about as far as the agency can go right now, the leader of an brokerage trade association...

Wells Fargo Advisors president David Kowach embraces best-interest standard

December 4, 2018

Wells Fargo Advisors president David Kowach urged the investment advice industry to embrace the regulatory effort to raise the standard of care. In an appearance at the MarketCousel Summit in Las Vegas, Mr. Kowach said pending regulatory changes...

NAIFA files suit against New York for mandating best-interest insurance sales

November 26, 2018

An insurance industry trade association has gone to court to stop a New York regulation requiring insurance agents and brokers to act in the best interests of their clients when selling life insurance and annuity products. The National Association...

Fight for New Jersey fiduciary rule yields doomsday rhetoric from both sides

November 19, 2018

The fight over New Jersey's proposed fiduciary standard for brokers has only just commenced, and stakeholders on both sides of the spat already are resorting to gloom-and-doom forecasts, linking the rule's fate to an impending catastrophe and...

Morningstar: DOL fiduciary rule reduces inflows to mutual funds with high loads

November 15, 2018

The Labor Department's fiduciary rule reduced the amount of investor money that's allocated to mutual funds that pay brokers a premium to sell them, according to a Morningstar Inc. report released Thursday. Since the DOL measure died in court...

Fiduciary leader Phyllis Borzi joins Edelman Financial Engines board

November 13, 2018

Phyllis C. Borzi, former Department of Labor assistant secretary and mother of the DOL fiduciary rule, has been appointed to the board of directors at Edelman Financial Engines. The firm, which combined Edelman Financial Services and Financial...

Best interest standard must come with fiduciary teeth: Borzi

November 12, 2018

A best-interest standard for investment advice will protect investors only if it's rooted in a fiduciary obligation, the mother of the Department of Labor's fiduciary rule said Monday. Phyllis Borzi, former assistant secretary of labor, didn't...

SEC tests show investors don't understand disclosure form for brokers, advisers

November 8, 2018

Investors embrace but fail to grasp disclosures intended to help them distinguish between investment advisers and brokers included in the Securities and Exchange Commission's investment advice reform proposal, according to testing results the...

Here's how a Democratic House will affect financial advisers

November 7, 2018

A Democratic takeover of the House isn't likely to influence the Securities and Exchange Commission's investment advice reform proposal despite one of the leading critics of the SEC's effort being poised to head the committee overseeing the...

« Previous PageNext Page »

1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 ... 50

X

Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting investmentnews.com? It'll help us continue to serve you.

Yes, show me how to whitelist investmentnews.com

Ad blocker detected. Please whitelist us or give premium a try.