Regulation Best Interest

A uniform fiduciary standard is only way to ensure all advisors are putting their clients first, the Democratic senator says.

Macroeconomic trends and matters of convenience will move advisors, assets and markets next year in the ever-changing wealth management space.

The chairman looks to finalize Reg BI while issuing warnings for advisors on cybersecurity, Brexit and Libor transition.

Concerns include preparing for new SEC reporting rules and modernizing operational infrastructure.

Why new rules won’t necessarily prevent bad behavior.

The regulator's investor advisory committee approved a set of recommendations for commission to clarify "best interest" advice for advisors and brokers.

Reg BI would boost sales because the products fill a pressing need for income over long lifespans, the executives say.

Noting how retirement saving has changed, the executive says the “responsibility we have for people’s savings is awesome.”

It’s another example of how impactful an update to broker standards of conduct could be.

While the IBD advocacy organization supports the proposal’s approach, key questions loom over the timeline and makeup of the potential regulation.