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The regulator and one of its largest members, LPL Financial, engaged in a back-and-forth on the controversial initiative.
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Marc Recker is global head of institutional market management and cash management for Deutsche Bank.
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Paddy Padmanabhan is founder and CEO of Damo Consulting, a growth strategy and digital transformation advisory firm that works with healthcare enterprises and global technology companies.
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The decision comes a decade after the collapse of the infamous scheme.
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Employees clearly preferred, and felt more comfortable wearing, more relaxed clothes every day. Even better, the switch improved client relations .
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When the board's new Code and Standards take effect in October, fee-only advisors will be expected to step up their compliance operations.
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Practices can dance on the cutting edge by returning to basics in an area where financial advisors are “deeply curious” about the best approach.
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