John Taft is vice chairman of Baird. He is a past chairman of SIFMA, the former CEO of RBC Wealth Management-U.S., and the author of two books, “Stewardship: Lessons Learned from the Lost Culture of Wall Street” and “A Force for Good: How Enlightened Finance Can Restore Faith in Capitalism.”
There are still plenty of challenges and potential changes on the horizon. Here’s what to watch for.
There are important distinctions between 2020 and that meltdown 10 years ago, writes John Taft.
Why new rules won’t necessarily prevent bad behavior.
New rules recognize the fact that commission-based transaction services can be the most cost effective way for Main Street investors to receive financial advice.
Here's what an alternative approach to the Labor Department regulation could look like.
There's a better way to craft a standard that would protect investors and preserve client choice.
There's another approach to crafting a regulation that would benefit advisers and clients, RBC Wealth Management's former CEO says.