“Surveys show about half of investors don’t know how much they’re paying for advice, and about one in six think they pay nothing.”
Tag "Knut Rostad"
“…the best efforts of those focused on product, not investors, are ultimately doomed to failure.”
Still, if one has confidence the marketplace will drive the industry towards focusing on the best interests of clients, then a de facto fiduciary standard can emerge organically, without overt reliance on regulators.
Be careful what you wish for because sometimes the cure can be worse than the disease.
In the final analysis, we may get the best of both worlds, a reduced regulatory compliance burden with a market that imposes the fiduciary standard.
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When the time comes for class action attorneys to scan the field for prospective litigation opportunities, they start from the biggest classes and work their way down.
We hold these fiduciaries to be self-evident… This is not the beginning of the end, it is the end of the beginning…
He says it doesn’t pass the basic smell test, and that’s just warming up…
Why the investment adviser industry wants to mimic American, but not British, doctors.
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Year end prep, Robo-Fiduciary? and opportunities/risks.