Amy Florian says advisers should urge clients to prepare "diminished capacity letters" in case they start to lose their faculties.
Massachusetts regulator calls the pending legislation 'a gift to the investment industry and Wall Street special interests.'
CFP Board, FPA and NAPFA tell legislators that fiduciary standard is overdue.
Demitrios Hall racked up commissions from leveraged trades in ETFs and ETNs for unsophisticated clients.
However long it takes to play out, panelists at <i>InvestmentNews</i>' Retirement Income Summit doubted the regulation will remain in place in its current version.
Some firms that currently allow advisers to report indexed-annuity sales as outside business are considering bringing it in-house to better monitor their brokers, control risk and potentially take a cut.
As DOL fiduciary rule stalls, Michael Piwowar seeks to have SEC step in.
More than 9,200 calls result in 650 referrals to regulators, 130 to protective services.
Other states also likely to issue requirements for protecting client financial data.
But overall activity in first half of the government's fiscal year remained on par with the same period last year.
Adviser's plan begins with the federal government setting aside money for each newborn baby for 35 years, to be invested for the child's retirement.
Finra panel determined that the allegations against her had nothing to do with the securities business.
The Investment Adviser Association wants a safe harbor for sales conversations. Meanwhile, Morningstar suggests a replacement for the best-interest contract exemption.
Long-term flows to accounts that charge an asset under management fee were up 54% in the first quarter.
T shares and clean shares increase transparency and reduce entrenched conflicts of interest, offering a cost benefit to investors, the fund researcher finds.
Meanwhile, the Consumer Federation of America complains that the Trump administration has prematurely made up its mind to repeal or replace the fiduciary measure.
Charles Kokesh is appealing a lower court's decision siding with the SEC that gains reaped through securities-law infractions do not fall under the five-year statute of limitations.
Prospects don't always know what it means to be a fiduciary, but they know what they want to hear when asking an adviser if they are one.
Too many independent firms have minimal communication with their advisers on the pending regulation.
