Industry
Draft Of A Standard For Professional Conduct For All Advisors; Ron Rhoades Invites Comment On Proposed Rules To Ensure Consumers Can Trust Their Financial Advisors
Three weeks ago, I reported that Ron Rhoades, an expert in the legal underpinnings of the fiduciary standard in the Investment Advisers Act of 1940, had written an entry to his blog that “read like a preamble to a single fiduciary standard for financial advisors.”
This past weekend, Rhoades published a draft of a fiduciary standard of professional conduct for investment advisers.
Right To Use CFP Mark Revoked For Leader Of International Association Of Registered Financial Consultants, Edwin Morrow; CFB Board Acts On Complaint Against The Man Behind The RFC Designation
Edwin P. Morrow, chairman and CEO of the International Association of Registered Financial Consultants and a prominent financial planner for years, recently had his right to use the CFP mark revoked by the CFP Board of Standards Inc. Morrow, 73, is bitter about CFP Board’s disciplinary action against him. In a telephone interview this week, he implied that the action was taken because of his work in creating a rival designation for financial planners, the Registered Financial Consultant designation, which is administered by the International Association of Registered Financial Consultants
RIAs Are Fighting A Rising Tide Of Negative Press By Reporters Who Know Nothing About Wealth Management
Science and technology reporter Christopher Mims just posted a naïve piece about Betterment, an online financial advice app.
Mims is undoubtedly a bright guy. He’s a former editor at Seed, Scientific American, Technology Review, Grist and Smithsonian. But he clearly doesn’t know much about financial advice, much less behavioral finance.
Commonwealth Financial Network Announces New Advisor Affiliation Models: You Can Be A Fee-Only RIA And Leverage The BD's Services
Commonwealth Financial Network, which has 1,450 independdnent registered reps using its BD facilties, is now opening up up to RIAs and investment advisor reps.
CNBC Asks: Would You Take Financial Advice From An Algorithm?
CNBC, the popular business and personal finance TV station and website, is covering the growing competition advisors are facing from online advice apps.
More Articles ...
- United Planners Adds Trust Company Of America's Custodial Platform
- Pamphlet For A Single Fiduciary Standard For Financial Advisors Could Be Recalled As A Seminal Document When The History Of The Profession Is Written Decades From Now
- MoneyBlock, An Online Independent BD Focused on Reps And RIAs Utilizing Options Strategies, Launches Proprietary Client Management Platform
- Does The Revelation Of Fees Paid To Advisors From Schwab And Fidelity Taint The Perception That RIAs, As Fiduciaries, Are Above Conflicts?
