Displaying 193 results
Planners claim small victory in financial-reform legislation
A small provision buried in both the House and Senate versions of financial-reform legislation is being hailed by some as a modest but important step for the financial planning industry.
Key Republican senator warms to idea of fiduciary reform
As Senate floor debate on financial-regulatory-reform legislation begins, a key Republican senator plans to offer an amendment on fiduciary standards that could be broader than language contained in a bill that the House passed late last year.
For trade groups, lobbying pays
For careerists in financial-trade-group management, heading a lobbying organization backed by huge corporate interests appears to be a more lucrative route to success than serving and educating financial advisers.
Johnson amendment would let brokers off the fiduciary hook
Sen. Tim Johnson, D-S.D., is circulating legislative language that would delete a requirement that brokers acting as advisers be registered investment advisers.
Industry groups retrench on defining financial planners
Bowing to the political clout of the insurance and securities industries, the Financial Planning Coalition has given up its effort to get Congress to establish a definition of financial planning that would have brought thousands of insurance and securities brokers and money managers under the sway of an oversight board that the FPC seeks to create.
Financial Planning Coalition accepts reality on regulatory reform
In the face of opposition from influential insurance and securities industry groups, the Financial Planning Coalition has moderated its ambition to get Congress to establish a broad regulatory scheme for financial planners.
Groups retrench on defining planners
The Financial Planning Coalition has given up its effort to get Congress to establish a definition of financial planning that would have brought thousands of insurance and securities brokers under the sway of a new oversight board.
Financial planners expect retirement income chops to pay off
Having expertise with retirement income products and issues is paying off for many advisers, according to a study published today by the Financial Planning Association.
Bid to regulate financial planning industry will soon run into opposition, leaders predict
The industry effort to regulate financial planning as a profession has support from within — but it won't escape opposition from other sects of the financial services community, several industry leaders said today.
Bid to regulate planning industry will soon run into opposition, leaders predict
The industry effort to regulate financial planning as a profession has support from within, but it won't escape opposition from other sectors of the financial services community, several industry leaders said last week.
FPA’s head lobbyist to step down
The chief lobbying official for the Financial Planning Association is stepping down this month.
Top FPA lobbyist Duane Thompson suddenly steps down
The chief lobbying official for the Financial Planning Association is stepping down in less than two weeks.
Advice for cancer patients
The Dana-Farber Cancer Institute of Boston and the Massachusetts chapter of the Financial Planning Association are set to ramp up their groundbreaking free financial-planning coaching service for cancer patients this fall.
Trade groups spend millions to influence Capitol Hill agenda
Groups representing financial advisers and all facets of the financial services industry spent big bucks lobbying Congress during the second quarter, according to recent filings with the House of Representatives' Office of the Clerk.
Finra sticks to its guns in flap about oversight of B-Ds dishing advice
Finra isn't backing down from its position that it has jurisdiction over broker-dealers' financial planning activities.
FPA urges SEC to restrict Finra’s enforcement authority
The Financial Planning Association has urged the Securities and Exchange Commission to restrict the Financial Industry Regulatory Authority Inc.'s enforcement power.
Adviser groups to SEC’s Investor Advisory Committee: Don’t impose a definition on concept of ‘fiduciary duty’
Four groups that represent investment and financial advisers complained in a letter about the possibility that the Securities and Exchange Commission's Investor Advisory Committee may attempt to define the term “fiduciary duty.”
Surprise! Audits could cost up to $24,000 per pop
If a Securities and Exchange Commission proposal that advisers deducting fees from client accounts conduct annual surprise audits is enacted, such audits could cost as much as $24,000 apiece, some three times the $8,000 estimated by the SEC, according to the Financial Planning Association.
Congress urged to impose fiduciary duty on all advisers
Organizations representing in-vestment advisers and consumers last week called for Congress to ensure that fiduciary standards are not weakened as financial services regulatory reforms are enacted.
Financial Planning Coalition wants oversight board for financial advisers
Going beyond their past call for a professional oversight board for financial planners, the Financial Planning Coalition today will ask Congress to bring under one organizational umbrella all advisers who provide financial planning services.
