Nerd's Eye View

JANUARY 19, 2024

Also in industry news this week: While the total number of RIA M&A deals in 2023 fell short of a record-setting 2022 amidst an elevated interest rate environment, continued interest from private equity firms and creative deal structures could boost deal flow in 2024 While the SEC authorized 11 "Spot" Bitcoin ETFs last week, comments from chair (..)

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Wealth Management

MARCH 7, 2024

The advocacy group for advisors argued the rule is overly broad. In contrast, the outgoing director of the SEC's Investment Management Division said the degree of risk in AI’s proliferation is “obvious.”

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Wealth Management

APRIL 14, 2023

Overcoming the RIA/Annuity disconnect by addressing common financial advisor objections.

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Nerd's Eye View

FEBRUARY 17, 2023

Also in industry news this week: A court ruling this week vacated Department of Labor guidance that a one-time rollover recommendation from a company plan to an IRA would trigger fiduciary duty requirements under ERISA Vanguard’s CEO this week indicated the firm plans to invest heavily in direct indexing amid the growing use cases for the strategy (..)

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Wealth Management

JULY 29, 2024

In his new book, the ‘father of life planning’ advocates for a broader fiduciary duty, one that extends to all institutions. Here’s how advisors play into that grand vision.

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Wealth Management

APRIL 20, 2023

By not taking ESG factors into account, financial advisors may be shirking their fiduciary duty.

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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 (..)

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Abnormal Returns

JANUARY 31, 2023

blog.validea.com) How anti-ESG movements could be contrary to a fiduciary duty. (klementoninvesting.substack.com) How ChatGPT, and other LLMs, will change how investors do their work. nytimes.com)

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Advisor Perspectives

JULY 15, 2024

Conflicts are everywhere in financial planning. They exist in all fee models, whether they be commissions, assets under management, fixed fee, or hourly. Any time money changes hands there are conflicts of interests.

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Wealth Management

MARCH 20, 2023

Several law firms are looking into whether Focus’ board members breached their fiduciary duties in agreeing to the sale at $53 per share.

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Wealth Management

APRIL 20, 2023

Redd examines litigation in recent years that’s exposed a possible exception to the widely held belief that exercising a power of appointment isn’t a fiduciary act.

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Ron A. Rhodes

MARCH 18, 2023

While the SEC has provided an interpretative release [SEC Release IA-5248, Commission Interpretation Regarding Standard of Conduct for Investment Advisers (July 12, 2019)] regarding the fiduciary duties of investment advisers,…

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Ron A. Rhodes

MARCH 10, 2023

It is an essential precondition to the process of critical thinking. Possessing doubt permits the receipt and evaluation of opposing points of view. We must first acknowledge that there…

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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.

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MarketWatch

APRIL 12, 2023

Plants issued a press release in which they disclosed — and blatantly mischaracterized in a defamatory manner — highly confidential internal deliberations of the Board in direct violation of their employment agreements and their fiduciary duties as directors and officers under Delaware law,” said the release.

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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.

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Wealthfront

NOVEMBER 4, 2024

Wealthfront Advisers is a registered investment advisor, and that means we have a fiduciary duty to act in your best interest. As part of that commitment, we are always looking for opportunities to help you earn more and keep more.

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Advisor Perspectives

NOVEMBER 14, 2023

Fiduciary duties are either unneeded or harmful, according to the opponents of the DOL rule. In their view, the finance and insurance industries have already achieved perfection.

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Darrow Wealth Management

NOVEMBER 4, 2024

Other reasons to work with a fiduciary registered investment advisor Legal obligation to act in your best interests: A fiduciary duty isn’t a marketing tactic, it’s a legal obligation and the highest standard of loyalty and care under the law.

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Ron A. Rhodes

APRIL 8, 2023

ON THE EXISTENCE OF MORAL HAZARD IN BANKING (ONCE AGAIN) The collapse of Silicon Valley Bank and Signature Bank in led to a March 12, 2023 joint statement from Secretary…

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Park Place Financial

SEPTEMBER 8, 2022

A key indication of an advisor’s dedication to acting in the client’s best interest is the mention of fiduciary duty. Some advisors do not observe fiduciary duty but are bound to a suitability standard. This phrase means the advisor is legally obligated to place their clients’ concerns above their profits. .

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MarketWatch

MAY 30, 2023

On Tuesday, Freshpet said that its board “has acted in the best interests of all stockholders, in accordance with the directors’ fiduciary duties, and in compliance” with the company’s charter. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move.

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Brown Advisory

JUNE 18, 2020

Community and society Philanthropic activity Environmental impact, including our carbon footprint and our carbon-neutrality commitment Colleagues Career development support, including commitments to support colleague education Support for colleagues and their families, including revamped policies covering all expressions of gender and sexual orientation (..)

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Brown Advisory

JUNE 18, 2020

General commitments to ethics and fiduciary duty. Support for colleagues and their families, including revamped policies covering all expressions of gender and sexual orientation. Diversity and inclusion programs and metrics. Cybersecurity programs to protect clients and colleagues.

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WiserAdvisor

JUNE 12, 2022

Ensure that the financial advisor is bound by fiduciary duty. A fiduciary refers to an individual who acts in your best interests at all times and is legally bound to place your interests before their own. Financial advisors bound by fiduciary duty will not try to sell you financial products that benefit them monetarily.

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MarketWatch

MARCH 13, 2023

The resignation letter indicated in part that it is the view of the former special committee directors that they could not satisfy their fiduciary duties to the company and fulfil their mandate in the circumstances,” the bank said. for a shareholders’ meeting to remove the former special committee directors.

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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 2010, August 1).

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Sara Grillo

DECEMBER 22, 2023

. #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. Read about the six core fiduciary duties. Institute for the Fiduciary Standard. Six Core Fiduciary Duties for Financial Advisors.

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Tobias Financial

JULY 11, 2023

It signifies a commitment to professionalism, ethics, and a fiduciary duty to act in our clients’ best interests. We hold our advisors to this rigorous requirement, ensuring that those who lead client relationships and provide investment advisory services possess this designation. Why is the CFP® designation crucial to us?

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Darrow Wealth Management

OCTOBER 1, 2024

Trustees have a fiduciary duty to abide by the terms of the trust and make distributions to beneficiaries accordingly. For example, instead of letting an 8-year-old inherit a rental property or investment account outright, you can include age-based milestones and other provisions to help ensure the assets aren’t squandered.

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Brown Advisory

JANUARY 3, 2023

But that desire has been criticized for running afoul of the concept of fiduciary duty–in simplified terms, the duty to act in a client’s best interests at all times.

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Brown Advisory

JANUARY 3, 2023

But that desire has been criticized for running afoul of the concept of fiduciary duty–in simplified terms, the duty to act in a client’s best interests at all times.

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Brown Advisory

JANUARY 3, 2023

But that desire has been criticized for running afoul of the concept of fiduciary duty – in simplified terms, the duty to act in a client’s best interests at all times.

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Truemind Capital

SEPTEMBER 10, 2019

Fiduciary duty should be on the top of the mind of any genuine adviser. Aligned Interest: The most important and unavoidable trait should be the complete absence of conflict of interest. Unchecked conflict of interest can ruin your investment returns.

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Park Place Financial

JANUARY 9, 2023

Park Place Financial adheres to its fiduciary duty to put clients’ needs above our interests. Our team of certified financial planners works collaboratively to help clients establish objectives and develop personalized financial plans designed to meet short and long-term goals.

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Walkner Condon Financial Advisors

APRIL 17, 2023

Additionally, CFPs must adhere to ethical and professional standards, including a fiduciary duty to act in the best interests of their clients. CFPs must also meet ongoing continuing education requirements to maintain their certification.

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Brown Advisory

NOVEMBER 29, 2022

For our part, as an investment firm, we must view climate decisions through the lens of our fiduciary duty to generate attractive investment returns that help our clients achieve their goals over the long term.

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