Category:

Fiduciary

September 28, 2023

Why should you care about fiduciary?

There’s a battle taking place in the money management business and it’s contentious enough that the typical quiet policy changes that occur behind the scenes are sneaking ‘above the fold.’ At issue is the question of fiduciary financial services. The word ‘fiduciary,’ while simple in definition, is tremendously complicated when put into action in the asset management space.

September 28, 2023

Fiduciary – 1.2

If you haven’t been paying attention to the flurry of executive orders issued by our new president, this past week he ordered a review of the upcoming DOL Fiduciary Rule, which was set to take effect in April. I won’t go into any more detail here about Fiduciary or its implications, I’ve written in detail why I feel it’s important, but I felt like I should put something in print in response to the new political atmosphere.

September 28, 2023

Friday Insider – Fiduciary 1.3

Returning to a story from several months back and a sequel… We’re finally looking at partial implementation of the ‘Fiduciary Rule’ on June 9th. After some typical political delays and long drawn out lawsuits, somebody high enough finally said enough is enough and it’s moving forward. Now, the rule is technically still under review until full implementation on Jan 1, 2018, but you should see changes starting immediately.

September 28, 2023

Evidence-Based Investing – More Beginning of the End

I was fortunate to attend the second annual Evidence-Based Investing conference on November 2nd in NYC, put on by the team over at Ritholtz Wealth Management, and once again it was excellent. I summarized this event last year, and others have more eloquently done so this year.Some news was breaking during the week that contrasted so perfectly with the mood and camaraderie at the conference. Morgan Stanley announced they were leaving the Broker Protocol, pushing the message to the field with 4 days notice.

September 28, 2023

Conflict of Interest – A Case Study

I’ve discussed the Fiduciary Rule in this space many times, and as I’ve written, the battle to preserve the status quo was going to be fierce. A court ruling last week may have finally killed the Rule, which isn’t terribly surprising given the deep pockets of those fighting it. I thought I’d share a timely story to make the Rule a little more ‘real’…

September 28, 2023

5 Things to Look For When Hiring an Adviser

The following is the transcript of an interview I gave with Tyler Gallagher, the Founder and CEO of Regal Assets, that was published in Authority magazine. I thought the subject was important enough that I re-post it here. I've made it shorter,...

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