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Stealing the FPA show, 'rock star' Marcia Wagner sounds four-alarm fire drill on DOL's onrushing fiduciary rule -- especially one arising from a stumper of a rollover provision

Is there more than one way to be a fiduciary? Yup. Think the rule doesn't apply to your non-401(k) practice and won't affect your fees? Think again, warned the lawyer at the FPA conference in Boston

Author Sanders Wommack October 1, 2015 at 9:24 PM
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Marcia Wagner: The DOL also has an alternative way in which one can be a fiduciary, and this, to me, is slightly disconcerting.

401(k) Stories




RIA Compliance

Stephen Winks

Stephen Winks

October 6, 2015 — 3:46 PM

After decades of broker/dealers ignoring their fiduciary responsibilities of serving in the best interest of the “retail” investing public, there is a simple non-controversial solution—simply acknowledge and support the fiduciary standing of the broker. The brokerage industry’s denial of the “retail investor” the same consumer protections accorded to all other investors is self defeating as “retail brokers” have everything to lose if there is no enthusiastic b/d support for fiduciary duty and the professional standing of the broker when rendering advice.

Stephen Winks

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August 2, 2019 at 12:48 AM

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Financial Planning Association
Top Executive: Lauren S. Schadle, CAE, Executive Director and CEO

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