It’s Not ‘ESG Investing.’ It’s Just Investing
Wealth Management
APRIL 20, 2023
By not taking ESG factors into account, financial advisors may be shirking their fiduciary duty.
Extracting Actionable Takeaways From The SEC’s Staff Bulletin Regarding An RIA’s Standard Of Care
Nerd's Eye View
OCTOBER 25, 2023
There is a general understanding that investment advisers have a fiduciary relationship with their clients – in other words, that they are required to act in the client's best interests. These 3 components in practice make up a core part of the adviser's fiduciary duty to their clients.
Fiduciary Duty 
246
246 Join 36,000+
Insiders
Sign Up for our Newsletter
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Webinars
Book of Secrets on the Month-End Close
What Your Financial Statements Are Telling You—And How to Listen!
Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments
Data Talks, CFOs Listen: Why Analytics Is The Key To Better Spend Management
Trending Sources
When Are Advisors (Financially) Liable For Negligent Investment Advice? (And Who Pays For It)
Nerd's Eye View
JUNE 12, 2024
For example, if an advisor recommends an investment that prioritizes the commission they would receive rather than any benefit the client would derive from it, they could incur fines and sanctions for violating their fiduciary duty as an advisor.
Fiduciary Duty 245
245 
Weekend Reading For Financial Planners (September 28–September 29)
Nerd's Eye View
SEPTEMBER 27, 2024
Also in industry news this week: As brokerage firms have faced a wave of lawsuits regarding the low interest rates paid on cash sweep accounts, some legal experts believe that RIAs could also be targeted for legal action if they allow clients' uninvested cash to sit in a cash sweep account rather than investing it or moving it to a higher-yielding (..)
How to Find a Fiduciary Financial Advisor
Darrow Wealth Management
NOVEMBER 4, 2024
Consider this: you walk into a Bank of America branch and ask for the best type of savings account on the market. Would you expect them to suggest one of their accounts or tell you to go online and open a high-yield savings account with a competitor?
Why You Might Need a Power of Attorney
Carson Wealth
MARCH 27, 2025
The person authorized to act as your financial POA can: Access your financial accounts to pay for healthcare, housing needs, and other bills. Break their fiduciary duty to act in your best interest. Establish who takes care of your personal needs. A financial POA manages your financial affairs if you cant.
How I rocked the world as an hourly financial planner – with Kevin Estes
Sara Grillo
MARCH 11, 2024
He says that as a fiduciary, his job is to return back multiples of the value of each dollar they spend on him. If he doesn’t, he feels he isn’t doing this fiduciary duty. He takes the fiduciary duty very seriously and lives it, not just virtue signals it. Good for you, bro.
How to Find a Fee-Only Financial Advisor
Darrow Wealth Management
FEBRUARY 13, 2025
Fee-only financial advisors are often registered investment advisors too, meaning they have a legal duty to act in the clients best interest. This fiduciary duty is a cornerstone of their practice, providing clients with the confidence that their financial advisor is working solely for them.
Fee Only 52
52 
Fiduciary Papers #15: The Prudent Investor Rule, 401k Accounts, and Tax-Efficient Investing
Ron A. Rhodes
DECEMBER 21, 2023
In the 401(k) world there has for many years been the option for plan participants to contribute to Roth 401(k) accounts, rather than traditional 401(k) account. For contributions to Roth…
Accounting 65
65 
CFP Board’s Crypto Guidelines Offer a Word of Caution
eMoney Advisor
DECEMBER 20, 2022
As cryptocurrency continues to become a more significant part of the investment world, what responsibility lies with financial advisors who have a fiduciary duty to protect their clients? The Fiduciary Duty is exemplified by the Duty of Care, which applies to financial advice about all financial assets.
CFP 62
62 
Should I Put My Assets in a Trust? Top 3 Benefits of Living Trusts
Darrow Wealth Management
OCTOBER 1, 2024
This can include a bank account, brokerage account, home, car, art, and even equity in a privately held business. A retirement account won’t go through probate unless you didn’t name any (living) beneficiaries. So you don’t always need a trust to avoid probate (depending on the property), but sometimes you do.
Assets 98
98 
How to Choose a Personal Financial Advisor
Park Place Financial
SEPTEMBER 8, 2022
The program consists of a three-part examination that covers multiple topics, including accounting, money management, and ethics. . A key indication of an advisor’s dedication to acting in the client’s best interest is the mention of fiduciary duty. Review Their Commitment to Their Clients . email or phone call)? .
Investing in Pigs and Kidneys: Building a $100 Billion Empire and Revolutionizing Organ Transplants
Investing Caffeine
MARCH 25, 2025
If you had $100k of annual spending requirements, would you negligently place $2 million dollars in a low-single-digit yielding checking account or multi-year CD at your bank, when you could responsibly earn a 10% or higher return by paying down credit card debt? This is what United Therapeutics is doing.
Investments 59
59 
Empower (formerly Personal Capital) Review – Managing All Your Investments in One Place
Good Financial Cents
JUNE 11, 2023
One thing that I have craved for investors is a tool that allows you to sync all your financial accounts – your investment portfolio, checking and savings accounts, credit cards and other loan accounts – in one place, and then provides an investment-related analysis of your entire portfolio.
Management 80
80 
Tax and Financial Planning Ideas For 2023
Park Place Financial
JANUARY 9, 2023
Retirement Savings Accounts . In 2023, Internal Revenue Service (IRS) will increase the contribution limit for multiple types of retirement accounts, including: . Given these changes, you may wish to boost your contributions to retirement savings accounts to have higher returns later. Health Savings Accounts .
5 Ways to Catch Up on Retirement Planning Later in Life
Park Place Financial
NOVEMBER 29, 2022
from your retirement investments during the first year, then adjust the percentage to account for inflation in subsequent years, you should have enough resources for approximately 30 years. You may also include healthcare benefits, such as Medicare and health savings accounts, as well as dividends from investments. .
Does being a fiduciary financial advisor REALLY matter – or is it “meh?”
Sara Grillo
AUGUST 14, 2023
Legal definition of the fiduciary standard To quote directly from a paper by Attorney Lorna Schnase , two bodies of law form the legal basis for the fiduciary standard: Common law: Under common law principles of agency, an investment adviser, as agent, owes fiduciary duties to its client, as principal.3
Don’t fall for the BS – use these RAW and REAL tips to find a financial advisor!
Sara Grillo
DECEMBER 22, 2023
Ethical actions Low cost advisors Flat fee advisors Advisors for small accounts Advice only planners Hourly planners I can’t say it enough – you have to do your own research. 3 Leverage Fiduciary resources and learn what a pure fiduciary is Institute for the Fiduciary Standard houses a library of Advisor On My Side resources.
How to save on financial advisor fees?
Sara Grillo
MAY 24, 2024
For example, are there account opening or closing fees charged by the custodian? If your advisor is managing your assets, usually the fee is debited out of your account at the custodian without you having to manually perform the action of paying the bill. Read about the six core fiduciary duties. Check it out.
How to Choose the Right Wealth Management Firm in Kansas City
Fortune Financial
SEPTEMBER 25, 2023
When researching wealth management firms, paying attention to their credentials and qualifications is essential, including whether they have a fiduciary duty to uphold. Certified Public Accountant (CPA) CPAs specialize in tax planning and accounting. Scan the QR code below to connect with us.
Sustainable Investing: Considerations for Trustees
Brown Advisory
SEPTEMBER 12, 2019
Put simply, trustees serve as fiduciaries with investment authority over assets that are intended to benefit another person or persons; trustees should use every device at their disposal in an effort to maximize the investment returns of the trust they oversee. There is mounting evidence to support this view.
Investments 52
52 
Sustainable Investing: Considerations for Trustees
Brown Advisory
SEPTEMBER 12, 2019
Put simply, trustees serve as fiduciaries with investment authority over assets that are intended to benefit another person or persons; trustees should use every device at their disposal in an effort to maximize the investment returns of the trust they oversee. ESG AND FIDUCIARY RESPONSIBILITY. HOW TO PROCEED.
Investments 52
52 
Is Robinhood Safe?
Good Financial Cents
JANUARY 10, 2023
The primary source of revenue for Robinhood is the interest they earn on customer funds held in Robinhood accounts. How Robinhood makes money: The fees charged for premium accounts and services. What kind of security measures does Robinhood have in place to protect my account? How Does Robinhood Make Money?
Commission 52
52 
What does it mean to be a Fee-Only financial advisor?
Walkner Condon Financial Advisors
APRIL 17, 2023
This fee per account that we receive is the only way we generate revenue, which is what makes us a Fee-Only firm. What does it mean to be a fiduciary? A fiduciary is someone who manages money or property for someone else. We get paid based on a percentage of a client’s assets that we manage.
Fee Only 52
52 
What Is a Fiduciary?
Carson Wealth
JANUARY 14, 2023
Financial professionals registered as agents of broker/dealers are required to follow FINRA Regulation Best Interest (REG BI) which requires they act in the best interest of their retail customers at the time a recommendation is made, but they do not have an ongoing obligation to the customer to provide ongoing advice or monitoring of accounts.
How to Choose the Right Wealth Management Firm in Kansas City
Fortune Financial
SEPTEMBER 25, 2023
When researching wealth management firms, paying attention to their credentials and qualifications is essential, including whether they have a fiduciary duty to uphold. Certified Public Accountant (CPA) CPAs specialize in tax planning and accounting. Scan the QR code below to connect with us.
ESG, Shorthand, and Shortcuts
Brown Advisory
DECEMBER 5, 2023
In other words, investors prioritizing strict fiduciary duty could focus on ESG information in an effort to make better investment decisions; if other stakeholders are interested in sustainable development, that’s also a win. But ESG information is just that: information.
What type of financial advisor is right for you? Questions you should ask.
Walkner Condon Financial Advisors
APRIL 21, 2023
This fee per account that we receive is the only way we generate revenue, which is what makes us a Fee-Only firm. What does it mean to be a fiduciary? A fiduciary is someone who manages money or property for someone else. We get paid based on a percentage of a client’s assets that we manage.
How to Calculate How Much You Need to Retire
Park Place Financial
SEPTEMBER 30, 2022
Working full time later in life enables you to keep contributing to your employer-sponsored retirement account and key benefits, like health insurance. Park Place Financial observes its fiduciary duty to act in our client’s best interest, putting your needs above our profits. by the year 2030.
Retirement 52
52 
The Importance of a Certified Financial Planner (CFP) for Your Financial Planning
WiserAdvisor
NOVEMBER 21, 2022
This is done to establish a fiduciary duty within the candidate and make them a reliable, upstanding member of the fraternity. Financial advisors may or may not have a fiduciary duty, whereas CFPs must uphold the fiduciary standard of the Board. This makes the latter more trustworthy and accountable.
6 Tips to Avoid Financial Fraud and Guard Your Investments
WiserAdvisor
MAY 31, 2022
From opening bank accounts, applying for loans, filing licenses, opening investment accounts to buying a home – everything is now online. Get a monthly account and credit report: Often, the easiest but most neglected way to understand how to protect your investments is by keeping a check on your bank accounts, credit scores, etc.
Investments 52
52 
What is the cost of a financial advisor?
WiserAdvisor
AUGUST 18, 2023
Moreover, fee-only advisors are often viewed as fiduciaries, which means they are legally obligated to act in their client’s best interests. A fee-only fiduciary financial advisor has a fiduciary duty to put the client’s needs first, ensuring you get the highest level of transparency.
4 Financial Concerns High-Net-Worth Individuals Face
WiserAdvisor
AUGUST 8, 2022
For instance, you can hire a fiduciary. Fiduciary duty mandates the advisor to keep your interests ahead of theirs. Ultra high-net-worth financial planning is different from regular investments in 401ks, individual retirement accounts (IRAs), or mutual funds. to create wealth.
How the SEC Has Strayed From Its Mission
Inside Information
SEPTEMBER 28, 2021
It says that the fiduciary duty covering investment advisors would apply to the entire advisor-client engagement, and arise as a matter of law whenever an investor gives an RIA his/her trust and confidence.
Should you die and go to hell before selling an annuity?
Sara Grillo
NOVEMBER 14, 2022
Do advisors breach fiduciary duty when they fail to recommend annuities? Should those with only insurance licenses that allow them to sell annuities and/or life insurance be held to the same “fiduciary standard” as Registered Investment Advisers (RIAs) with the SEC or state regulators?
Insurance 59
59 
How to CRACK the secret costs in an insurance illustration
Sara Grillo
JUNE 12, 2023
BARRY FLAGG OR STEVEN ZEIGER: Means how much is the insurance company crediting persons on the policy owner account today? And it grows or doesn’t grow. Okay, so on the upper right, the illustration is based on an initial rate of 495, Bertha. SARA GRILLO: Does initial rate 0:15:13.3 BARRY FLAGG OR STEVEN ZEIGER: Yeah, frequently.
Insurance 59
59 
Seeking Best Execution: Understanding The SEC’s Expectations For Advisors To Deliver Best Outcomes For Clients
Nerd's Eye View
NOVEMBER 20, 2024
One of the best sources of guidance from the Securities and Exchange Commission (SEC) is a 1986 interpretive release that unofficially sets forth a framework for satisfying the fiduciary duty to seek best execution of securities transactions in client accounts. Read More.
Fiduciary Duty 244
244 
Conversation with the Portfolio Manager: Sustainable Core Fixed Income Strategy
Brown Advisory
SEPTEMBER 15, 2017
That’s why we don’t apply any hard-and-fast screens in our process (we do offer customized screens for our separate account clients that request them). This is particularly tricky for some of our clients, who serve on endowment or foundation boards that have a fiduciary duty to balance mission alignment with performance expectations.
Conversation with the Portfolio Manager: Sustainable Core Fixed Income Strategy
Brown Advisory
SEPTEMBER 15, 2017
That’s why we don’t apply any hard-and-fast screens in our process (we do offer customized screens for our separate account clients that request them). This is particularly tricky for some of our clients, who serve on endowment or foundation boards that have a fiduciary duty to balance mission alignment with performance expectations.
Transcript: Gretchen Morgenson
The Big Picture
JUNE 20, 2023
It had been prevented, had been barred from that before because of this fiduciary duty idea and also because of the opacity of these instruments. MORGENSON: Flat tax, he was also for medical savings accounts and health savings accounts. Some of these, the Blackstone BREIT is a perfect example of that.
Insurance 147
147 
Let's personalize your content