Fiduciary standard

Let's have a robust discussion about how to improve outcomes for clients, but let's stop inventing bogus reasons why we shouldn't look after their best interests.

Over 75,000 advisors in the U.S. will be affected by what is expected to be the most significant version of CFP standards to date.

New standards for advisors cover digital advice, third-party relationships and expand fiduciary duty obligations.

The department is asking the Office of Management and Budget to postpone the compliance date for 18 months for the best interest contract exemption and other aspects of the rule.

Class-action lawsuits inspired by the DoL regulation “may go away,” says a prominent ERISA attorney.

A new bill would go further than past attempts to block the Labor Department altogether.

Expanding the fiduciary role of CFPs is a good thing — but the fine print is worth sweating.

Some advisers are actually embracing changes by making the rules work for them.

Some predict the new standards will push more planners to drop their CFPs.

The move comes the same week that the SEC said it would try to coordinate with the Labor Department on the regulation.

Jay Clayton acknowledged in testimony on Capitol Hill that it's a “very complicated issue.”

It allows more flexibility than some may think, according to executives from the two firms.

With the Labor Department and SEC signaling further potential changes in the regulatory framework, here's what advisers need to know now.

An open question is how the latest effort by the agency would coordinate with the Department of Labor.

For the first time in his 30-year career, columnist Bob Veres is starting to hope the sector may catch up in the areas of trust, transparency and a fiduciary mindset. A promising new app is helping him get there.

The DoL’s fiduciary rule means advisers can expect additional scrutiny over fees. So how can they prepare for these industry changes?

Serving a client’s best interest means focusing on fewer households. Staying profitable means choosing the right ones. Editor Lee Conrad talks with LPL exec Arthur Osman about segmenting a book of business.

The firm says its external backup system failed at the same time its main internet connection was cut, raising concerns.

Former Vanguard CEO Jack Brennan says the Labor Department has already succeeded in swaying firms and investors over to best-interest advice.

The investment product raises eyebrows, but the firm’s founders have pledged to act as fiduciaries.