“Perhaps the continued confusion can be expected given that the term ‘best interest’ is not defined in Reg BI and the word ‘fiduciary’ is not used in defining the new standard. It makes it harder to understand.”
Tag "Institute for the Fiduciary Standard"
“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.”
For that to work, however, it’s not enough to change the titles brokers use – to make them call their sales representatives “salespeople” and call their services “sales recommendations” – you’d also have to completely change the way they market themselves so that their marketing messages are consistent with their regulatory status.
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.
A Multi-Pronged Fiduciary Attack, “Small” no longer “safe,” and grappling with the inevitable.
Golden tells us how Swensen’s books have explained why a fiduciary cannot use a cookie-cutter approach.
Why the investment adviser industry wants to mimic American, but not British, doctors.
The politics of envy, fiduciary irony and “Investment choices? We don’t need no stink’ investment choices!”
These Classic Movies (Unknowingly?) Promote The Fiduciary Standard
It seems like each decade produces a major box office hit that exudes fiduciary. This whole “best interest” thing seems to have caught on in Tinseltown. More recent movies have added a good dose of the “honesty” part of fiduciary.