Fiduciary standard

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

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

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.

NAPFA’s chairman sees an “untapped market” opening up.

Observers expect only modest changes from comment letters, and look ahead to a vote to enact new advisor and broker regulations.

In my view, the organization puts its own growth ahead of enforcing its certificants’ fiduciary standards. This holds us back from being seen as a true profession.

The firm announced last week that it would reinstate traditional brokerage for retirement accounts in October, giving new life to the conflicts it had eliminated.

Here's what I've realized since I penned my original missive to the commission.

Clashes over the Labor Department's fiduciary rule have carried over into the debate on the SEC's proposed regulation.

"The process has become enervating and exhausting and to the point where you don't even want to look at it anymore," an expert says.

An overreliance on disclosure isn't enough to protect clients from bad brokers, the investor advocacy group says.

It's not too late for the the SEC to fix its flawed proposal before it issues its final rule, says the Democratic senator from Massachussetts.

It will host public forums in nearly two dozen cities over the next 16 months.

George L. Taylor and Temenos Advisory violated their fiduciary duty by pocketing commissions and concealing conflicts while the firm was in financial distress, the commission charges.

Jack Brod, the chair-elect of the board of directors, plans to heighten enforcement efforts to ensure CFPs are consistently acting as fiduciaries.

The new wave of advertising will highlight the emotional benefits of having a financial plan. Some CFPs have grumbled about funding previous advertising initiatives with their certificant fees.

Creation of the blue-ribbon body draws praise and confusion from CFPs who question its utility.

Six fiduciary groups call on advisors press SEC to clarify the differences between advisory and brokerage business models.

Technology advancements aside, navigating the new regulatory requirements still takes work.