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.
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We asked financial professionals across the nation for their thoughts on the SEC’s effort. As you might imagine, it’s clear Regulation Best Interest has some good points and some not-so-good points.
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Is the DOL’s Defunct Rule a Fiduciary Obi-Wan: More Powerful Dead Than Alive?
Dependency downers, keeping it simple, and here we go again…
“Pick a lane… please. Why is the SEC living in the land of ambiguity? Lead, follow, or step aside. I may not agree with Ken Fisher very often but on this point, I believe he nailed it…”
Social Security’s Grim Reality, Fiduciary Ping Pong, and Missing What’s Right In Front of Your Eyes.
We want to focus on the type of “nevers” that, in the heat of the moment or humdrum routine of everyday life, fiduciaries can find themselves slowly sliding down that slippery slope towards. In fact, if, as you read these, you catch yourself muttering something about “there’s always an exception,” then you’ve just discovered where that slippery slope lies.
These may not be the only rules, but they rank up there as among the most practical for fiduciaries and, in some cases, for any other professional.
FiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending 9/7/18
MEPs, Fees, and Leveling the ETF playing field.