Europe’s forward momentum on climate disclosure rules is highlighting the need for U.S. regulators to think about how publicly traded companies operating globally can navigate multiple and potentially overlapping regulatory regimes, said Caroline Crenshaw, one of three Democratic commissioners at the Securities and Exchange Commission.
“The closer they are together, the more likely, from the SEC perspective, we are to think about substitute compliance,” Crenshaw said during remarks at Bloomberg's Sustainable Finance Forum in New York Wednesday.
The Securities and Exchange Commission teed up a sweeping proposal in March 2022 intended to standardize the types of disclosures public companies make about greenhouse gas reduction goals, and the risks and opportunities presented by a changing climate. The watchdog agency has said investor demand for the information, as well as better tools to meaningfully draw comparisons between companies, is driving the rulemaking.
Caroline Crenshaw said that despite becoming mired in political fights over climate change, the rule itself isn’t political. “It is the bread and butter of the agency” and about responding to changing demands in the market for information, she said.
The proposal has yet to be finalized and may not be taken up for a final vote for many months still.
The leadership changes coming in June, which also include wealth management and digital unit heads, come as the firm pushes to offer more comprehensive services.
Strategist sees relatively little risk of the university losing its tax-exempt status, which could pose opportunity for investors with a "longer time horizon."
As the next generation of investors take their turn, advisors have to strike a fine balance between embracing new technology and building human connections.
IFG works with 550 producing advisors and generates about $325 million in annual revenue, said Dave Fischer, the company's co-founder and chief marketing officer.
Five new RIAs are joining the industry coalition promoting firm-level impact across workforce, client, community and environmental goals.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
