Fiduciary standard

Even though many of its members weren’t satisfied by the SEC’s rule, NASAA praises the inclusion of a requirement to consider costs in a recommendation.

To stand apart from broker-dealers, advisors may not need tougher rules, but smarter marketing.

Reports of the death of fiduciary differentiation have been greatly exaggerated, contends fiduciary advocate Knut Rostad.

The SEC rule was based on a flawed assumption and fell far short of what it promised. As a result, states are forging ahead with their own fiduciary rules.

Though designed to raise standards for broker-dealers, the SEC’s 564-page rule sent ripples throughout the advisory industry.

Advisors and their firms should be prepared for how they will respond to expanded fiduciary responsibilities under new standards.

The group cited "confusion" among certified planners sparked by passage of the SEC's less-strict Regulation Best Interest.

The chairman dismisses criticism as misguided, but leading investor advocates say he is misstating their views and glossing over real regulatory problems.

The suggestion comes amid opposition from brokerage firms to an expanded fiduciary obligation.

Most clients don’t give a hoot about fiduciary and best interest standards.