How Trump's backtrack on DOL rule burned his most ardent anti-rule supporters and the opening Elizabeth Warren is exploiting
Threat of losing DOL rule sparks a new public consciousness and the Massachusetts Senator gives shout-out to Betterment, XY Planning and BlackRock
|February 7, 2017 — 10:46 PM UTC|
Where RIABiz's view of RIAs as oases-of-ethics bumps up against the Merrill Lynch & Co. mirage -- and why that mirage is still so effective
Fiduciary watchdog Knut Rostad warns that RIAs must zealously expose wirehouses tricked out in best-interests-of-the-investor drag
|January 6, 2017 — 6:33 PM UTC|
At MarketCounsel, a Ron Rhoades-Skip Schweiss exchange reveals new DOL-rule threat -- a Trump-led compromise creating a mutant strain of the reg that benefits no one
The problem, Rhoades says, is that a pseudo-fiduciary standard asks consumers to assume the burden of knowing what's best for them when it comes to investing, which brings the problem full circle
|December 7, 2016 — 8:33 PM UTC|
How Wall Street emasculated the DOL rule with an old-fashioned end game: 'Somebody made a deal' -- and why tort lawyers are licking their chops
End-game style politics exposed fiduciaries' lack of playoff experience, but RIAs can console themselves because DOL exposed shady dealings on 'the dark side'
|April 7, 2016 — 3:10 PM UTC|
In rebuke of Wall Street, Raymond James, William Blair and Stifel help form non-wirehouse advocacy group to 'shed baggage' but not without a suitcase of SIFMA ideals
American Securities Association proclaims a fresh 'voice' but for now seems to be a rebel with a cryptic cause
|February 24, 2016 — 10:44 PM UTC|
LPL CEO floats orphaning 3% of its brokerage business in prelude to DOL 'travesty'
Mark Casady says he may lop off brokerage accounts of $15,000, citing looming rule changes
|October 30, 2015 — 6:28 PM UTC|
As President Obama takes the gloves off, pro-broker groups throw up 'sledgehammer' response
After a lot of waiting around FSI calls this news 'the real thing'
|February 24, 2015 — 8:31 PM UTC|
What Tony Robbins should remember when he talks 'fiduciary'
The five-syllable word represents an attitude, way of life and something you should grasp for the good of investors
|December 8, 2014 — 8:44 PM UTC|
'Paradigm shift' in 401(k) flows opens the DOL door for annuities in 401(k) plans and RIAs are split
In the wake of DOL and Treasury rulings, some fiduciaries, certainly not all, seem willing to give the oft-reviled instruments a chance
|October 28, 2014 — 6:27 PM UTC|
TD Ameritrade pulls off amazing Summit in DC that reveals rot to the core of SEC, FINRA and ERISA system
A consumer panel sobered the crowd off the bat with war stories and then Ron Rhoades, Mercer Bullard, David Tittsworth, Sheryl Garrett, Tom Nally, Marilyn Mohrman-Gillis and others pulled no punches
|September 18, 2014 — 5:54 PM UTC|