Tag:
fiduciary standard
Latest Headlines
Latest Headlines
Fee-based advisors still on the rise
In not much of a surprise, more than half of all financial advisors are now fee-based, concludes a new report by Cerulli. I would have guessed that milestone had been passed years ago. The number of
FINRA wants to regulate advisors
The battle over who will regulate investment advisors continues to rage. Dodd-Frank had directed the SEC to conduct a study and gave the agency the right to make rules in this area . The SEC
Brian Moynihan supports fiduciary standard for brokers
You have to wonder how this went over at Merrill Lynch: Brian Moynihan, CEO of Bank of America, has come out in favor of a fiduciary standard for brokers as well as registered investment advisors.
SEC recommends fiduciary standard for brokers
The investment advice industry has been in anguish over the fiduciary vs. suitability debate as of late. The debate hit a milestone last week when the SEC released a study that recommended all
Fiduciary vs. suitability debate comes to a head
Investment advisors and brokers are watching the industry change before their very eyes. It could change a lot more depending on how the SEC handles some big issues. The biggest of these is the
Brokers keep fighting fiduciary standard
Even before the passage of Dodd-Frank, the battle to move Series 7 brokers to a fiduciary standard from the suitability standard has raged. Brokers pressed their point at the SIFMA conference that
SEC seeks comments on fiduciary standard vs. suitability
One of the thorniest issues--one laid bare by the Dodd-Frank law--in the wealth management and brokerage industry is whether advisors and brokers should be held to a fiduciary standard. Currently,
Goldman Sachs wants more 401(k) money
It makes perfect sense for the likes of Goldman Sachs ( NYSE: GS ), BlackRock and other top Wall Street firms to want a bigger piece of the 401(k) market. Defined benefits plans are going away, and
Goldman Sachs case raises issue of fiduciary standard
Do big investment banks owe their customers anything? One of the more interesting issues raised at the Goldman Sachs ( NYSE: GS ) interrogation had to do with Goldman Sachs' treatment of its clients.
