Fiduciary

Displaying 1251 results

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Britney Spears’ struggle for independence puts a spotlight on conservatorships

The pop superstar's plea to end her 13-year conservatorship raises questions around its validity and prompts experts to rethink the whole system.

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How neuroscience is illuminating the relationship between leadership and fiduciary responsibility

Preliminary research results indicate there's a strong correlation between genuine leaders and authentic fiduciaries.

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SEC fines 27 firms in first-ever Form CRS actions

The agency charged 21 investment advisers and six brokerages with missing delivery or posting deadlines. The customer relationship summary outlines fees, services and potential conflicts of interest and is supposed to help clients understand business practices.

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All’s quiet on the Reg BI front

The SEC has been intense about ESG and wait-and-see on Reg BI. But new Enforcement Director Gurbir Grewal supported New Jersey's fiduciary rule and may put teeth in the broker advice standard.

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Increasing retail investor access to private markets gains bipartisan support

Legislation introduced by Reps. Anthony Gonzalez, R-Ohio, and Gregory Meeks, D-N.Y., would lift restrictions on closed-end funds' investments in unregistered securities.

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GOP senators ask whether ESG investing hurts federal retirement savers

Sens. Patrick Toomey, R-Pa., and Ron Johnson, R-Wisc., say proxy votes by BlackRock and State Street Global Advisors promote 'left-leaning' ESG priorities over investment returns

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7 ways crises changed our understanding of fiduciary

During a crisis, the critical fiduciary success factor is connecting with the client's heart.

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Want to be a fiduciary financial planner?

Don't forget your clients' biggest assets and liabilities: Home equity and insurance are two priorities you'll want to include in the planning process, no matter your scope of engagement.

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Fiduciary backers seek ‘highest legal standard’ in Form CRS disclosures

The Institute for the Fiduciary Standard on Tuesday proposed a redesigned customer relationship disclosure, known as Form CRS, that provides a side-by-side comparison of advisers and brokers.

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Supreme Court’s Goldman decision declared a win by investor advocates

Remanding the shareholder suit against Goldman to the appeals court leaves unresolved questions about the legal weight of conflict-of-interest pledges.

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Ever hear of a ‘lay fiduciary’? There are 17.5 million of them

Group says nonprofessional plan fiduciaries who oversee assets in pension plans, foundations, endowments and trusts often don’t understand their responsibilities

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DOL seeks to define ‘fiduciary’; SEC works on ESG disclosures

As the two agencies release their regulatory agendas, the SEC is also proposing to revisit rules promulgated last year when the agency was headed by former chairman Jay Clayton.

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FSI vows to monitor Reg BI ‘regulation by enforcement’

The Financial Services Institute is worried about how the agency might expand Reg BI's reach. The problem is tied to setting new disclosure standards through enforcement initiative, rather than doing so through rulemaking.

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Robinhood loses bid to halt enforcement of Massachusetts fiduciary rule

The online trading app sued to overturn the state's fiduciary rule after Massachusetts accused Robinhood of manipulating customers.

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The one thing that matters most to clients during a crisis

It’s not whether you’re an adviser or a broker. It’s not whether you’re fee-only or fee-based. It’s not the designations after your name, or even whether you’ve taken a fiduciary pledge. What clients care most about during a crisis is whether you can be trusted.

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Gary Gensler uses political savvy for strong start at SEC

The SEC chair deftly handled four hours of questioning from lawmakers, including a query about Reg BI. He showed he’s a deft politician who will be able to guide policy in a direction he favors.

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Gensler vows to ensure compliance with Reg BI ‘as written’

In his first appearance on Capitol Hill since being confirmed as SEC chair, Gensler also addressed ESG and the gamification of investing.

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DOL arms investors with rollover questions that could catch some advisers off guard

The timing of those questions, such as 'are you a fiduciary?' is not great for advisers relying on the DOL’s temporary enforcement policy until Dec. 20, the compliance deadline for the new rules, one lawyer said.

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Investor advocate urges Gensler to beef up Reg BI

Republican lawmakers in the House tell the new SEC chairman to avoid ‘mission creep’ in the agency's oversight of environmental, social and governance disclosures.

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Robinhood sues to overturn Massachusetts fiduciary rule

Meanwhile, Massachusetts amended its December complaint against the online brokerage seeking to revoke its registration in the state.