Jack Waymire Guest Columnist

Good article. It frustrates me when I see a “one size fits all” manager who can advertise a track record. Worse, even the Wall Street Journal columnist Jason Zweig recommended getting a “performance report” and claimed that there “are no rules” regarding such things. His closing statement includes, “..., investors should steer clear of advisers who cant point to the real returns of actual clients.”

6 reasons why RIAS can't -- or don't want to -- have track records

Jack Waymire:

Paladin Registry

Investor Watchdog

Jack Waymire

The past two years have been some of the most momentous in the relatively short history of the RIA profession. Legislators and regulators have been gradually embracing the fiduciary standard, though whether it will fully apply to everyone calling themselves advisors remains to be seen.

The Department of Labor’s crusade to lower costs and increase transparency in retirement plans means a spate of new regulations affecting advisors and brokers in that market. Dodd-Frank Financial Reform, meanwhile, continues to unroll across the profession, with the biggest change being a shift to state oversight of RIAs with less than $100 million AUM. In this section, you’ll find continually updated RIABiz.com coverage on all these topics.

RIA Compliance

If clients are confused by myriad FA titles they're baffled as to why advisors can't can't produce their investment histories

6 reasons why RIAS can't -- or don't want to -- have track records

Jeff McClure

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