From Finacial Planning
Added on April 2016 in Form an RIA
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Summary: After years of anticipation, the Labor Department will release its fiduciary rule on Wednesday, sources confirmed Friday.
From Finacial Planning
Added on March 2016 in Form an RIA
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Summary: The rule, which could have sweeping and unprecedented impacts on the advisory industry, would require planners who advise on retirement assets to place their clients' financial interests before their own.
From InvestmentNews
Added on March 2016 in Form an RIA
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Summary: Securities and Exchange Commission Chairwoman Mary Jo White told lawmakers Tuesday that if the agency proposes a rule to raise retail investment advice standards, it may not mesh perfectly with a separate Labor Department rule that will soon be finalized.
From InvestmentNews
Added on March 2016 in Form an RIA
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Summary: The Department of Labor's impending fiduciary rule has prompted advisers to review their strategic plans and weigh the expanded role technology will play in keeping advisory practices in compliance, as well as profitable.
From InvestmentNews
Added on March 2016 in Form an RIA
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Summary: The SEC exam experience has been described by advisers and lawyers who have participated in the process as everything from nerve-wracking to gruesome. The commission's approach over the past few years of focusing on firms that represent the biggest risk to investors has inspectors showing up at adviser offices with a more hostile and assertive style, some say.
