Wealth Management

MARCH 5, 2025

Choreos lawsuit comes a day after Compound announced it had brought on members of the Des Moines, Iowa-based team that had overseen $1.2 billion in client assets.

Fiduciary Duty 173

Fiduciary Duty Clients Assets 173

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

Fiduciary Duty Commission Clients Accounting 246

Nerd's Eye View

JUNE 21, 2023

All investment advisers are fiduciaries that owe a duty of care and loyalty to their clients, and, in an ideal world, advisory firms and their staff would abide by these requirements without the need for a prescriptive code of ethics.

Ethics 244

Ethics Fiduciary Duty Compliance Clients 244

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.

Fiduciary Duty 162

Fiduciary Duty 162

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

Fiduciary Duty Risk Tolerance Investing Investments 245

Abnormal Returns

JULY 26, 2023

blas.com) Personal finance Eight things to look for in a financial advisor including 'a fiduciary duty.' (morningstar.com) Some insights from Felix Dennis including 'Never loan money to friends or family. whitecoatinvestor.com) A look at ways to provide inter-generational wealth transfer absent a trust including 529 plans.

Fiduciary Duty 244

Fiduciary Duty Retirement Financial Advisor Investing 244

Nerd's Eye View

MAY 26, 2023

Also in industry news this week: How consumer concerns about the stability of the banking industry could present independent advisors with an opportunity to add value by managing client cash Why an advisor’s fiduciary duty can sometimes come into conflict with the best insurance options for their clients From there, we have several articles on (..)

Financial Planner 246

Financial Planner Fiduciary Duty Retirement Clients 246

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 (..)

Financial Planner 246

Financial Planner Fiduciary Duty Retirement Retirement Planning 246

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 (..)

Financial Planner 246

Financial Planner Fiduciary Duty Retirement Planning Compliance 246

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 (..)

Financial Planner 246

Financial Planner Fiduciary Duty CFP Accounting 246

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)

Fiduciary Duty 130

Fiduciary Duty Management Portfolio Investing 130

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.

Financial Advisor 61

Financial Advisor Certified Financial Planner Fiduciary Duty Fee Only 61

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.

Fiduciary Duty 56

Fiduciary Duty Commission Financial Planning Assets 56

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,…

Fiduciary Duty 69

Fiduciary Duty Commission Investing Investments 69

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…

Fiduciary Duty 61

Fiduciary Duty Financial Planner CFP 61

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.

Financial Planner 105

Financial Planner Fiduciary Duty Financial Advisor Clients 105

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.

Fiduciary Duty 75

Fiduciary Duty Planning Marketing Marketing 75

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

CFP Fiduciary Duty Financial Advice Financial Advisor 62

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

Fee Only Financial Advisor Financial Planner Certified Financial Planner 52

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.

Fiduciary Duty 40

Fiduciary Duty Portfolio Taxes Asset Allocation 40

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.

Fiduciary Duty 40

Fiduciary Duty Insurance 40

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…

Fiduciary Duty 40

Fiduciary Duty Government Banking Marketing 40

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. .

Financial Advisor 52

Financial Advisor Fiduciary Duty Certified Financial Planner Financial Planner 52

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.

Fiduciary Duty 40

Fiduciary Duty Compliance Food Marketing 40

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 (..)

Fiduciary Duty 52

Fiduciary Duty Ethics Clients Education 52

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.

Fiduciary Duty 52

Fiduciary Duty Ethics Clients Education 52

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.

Financial Advisor 52

Financial Advisor Fiduciary Duty Commission Financial Planning 52

Investing Caffeine

MARCH 25, 2025

In my letter, I attempted to remind management of the importance of upholding its rigorous corporate governance standards and exercise its fiduciary duty when it comes to the companys allocation strategy.

Investing 52

Investing Investments Fiduciary Duty Healthcare 52

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.

Fiduciary Duty 40

Fiduciary Duty Banking Management Valuation 40

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).

Financial Advisor 52

Financial Advisor Fiduciary Duty Insurance Financial Advice 52

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?

Certified Financial Planner 40

Certified Financial Planner Financial Planner Fiduciary Duty CFP 40

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.

Assets 98

Assets Estate Planning Distribution Fiduciary Duty 98

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.

Financial Advisor 52

Financial Advisor Fiduciary Duty Compliance Financial Advice 52

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.

Fiduciary Duty 52

Fiduciary Duty Management Portfolio Investments 52

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.

Fiduciary Duty 52

Fiduciary Duty Management Portfolio Investing 52

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.

Fiduciary Duty 52

Fiduciary Duty Management Portfolio Investing 52

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.

Investing 52

Investing Investments Asset Allocation Fiduciary Duty 52