Fiduciary Rule

The rule can only be effective if the investing public accurately understands its implications, says the firms’ chief platform officer.

It could be the most significant update to advisor standards of conduct in years.

With brokerage firms lining up in support of the SEC proposal, fiduciary planners aim to keep their differences from the BD channel intact.

The rule requires greater public input, an industry trade group says.

As New Jersey’s regulators move forward, trade groups and executives warn of increasing compliance costs.

The move suggests that the SEC’s proposed Regulation Best Interest isn’t strong enough for some.

Advisors and trade groups resist a patchwork of regulations, saying it would limit consumer choice and increase firms’ expenses.

Warnings from the brokerage sector as Nevada advances a uniform fiduciary rule have a familiar ring.

Even as Nevada, Maryland and New Jersey press ahead with their own proposals, the IAA seeks exemption for SEC-registered advisors.

A handful of states are pushing their own advisor regulations, potentially setting up a legal showdown.

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

"We said, 'Even though we are drinking water in the bar, there are too many drunks, so let's not go into the bar.'"

As a fiduciary, "I realized I wasn't putting their best interests first by keeping them," says advisor Tony D'Amico of Fidato Wealth.

The firm is changing course in response to a shifting regulatory landscape and advisor feedback.

Why new rules won’t necessarily prevent bad behavior.

Aiming to build a unified experience for its members nationwide, the move follows fiduciary fallout and dissolution of its New York chapter.

New York legislators are set to reconsider a previously stalled fiduciary bill.

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

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