Fiduciary standard

Restoring fee-model disclosures to its website is just the first step in correcting the organization’s “monumental failure,” according to fiduciary watchdog Ron Rhoades.

The decision does not diminish the board's conviction that consumers have a right to know how they are paying for products and services, writes the former board chairwoman.

“The only reason why I could see them doing that is shame,” one critic says of the move; the board calls it an important shift in the conversation about fiduciary care.

The commission “failed to enact a meaningful conduct rule,” state regulator William Galvin says.

Trade groups warn that a proposal could end commissions in the state and play into a "fractured" regulatory environment nationwide.

SEC-mandated disclosures for dual registrants could put clients off brokerage options, some suggest.

Contributing to these accounts makes sense for clients who anticipate higher tax rates in the future.

While these 20 dizzying changes will throw some for a loop, financial advisors and their clients grow more powerful each year.

Businesses, particularly small ones, are looking for help to limit liability when sponsoring defined contribution plans.

“We all agree a conflict could arise in the future,” Schweiss says. “There are ways of potentially dealing with that.”

The advisor advocate’s’ term, to begin in 2021, also will focus on increasing FPA membership.

More than 11,000 advisors have earned the education provider’s AIF designation.

Who guards the guardians? Regulators, yes, but as CFPs we must also police ourselves

CFPs aren’t excused from acting as fiduciaries — even if they work at a firm that requires them to recommend proprietary funds.

In five bite-sized offerings, Chairman Jay Clayton fails to tell the public what it needs to know about RIAs vs. brokers.

A task force will issue recommendations to shore up the disciplinary process ahead of the board's November meeting. Here’s what advisors need to know.

The regulator’s move follows a Financial Planning investigation into whistleblowing by former JPMorgan financial advisor Johnny Burris.

Alternative compensation structures may provide more consumer protection, and drive higher client satisfaction.

The rule unfairly gives brokers a leg up in the marketplace, harming the network’s 1,000 independent advisors, the firm claims.

Elias Herbert Hafen, “every client’s worst nightmare,” could face years in jail. The wirehouse says it is repaying clients.