I understand your point Ross, but talking
about fiduciary duties, in 2 hours of open house you can have 30 - 40 people visiting the open house or you can have 5 - 10 people to whom you'll provide a particular tour and you will explain everything about the house or the buying process.
By your own admission you don't care
about fiduciary duties, because you always give your best advice to «everyone».
What
about my fiduciary duty to my client?
There is nothing much
about fiduciary duties, just «sell, sell, sell man».
You «should» expect Realtors to know «everything»
about fiduciary duties, but you can't take it for granted that every Realtor will put them into play when a commission is on the line; that's the potential fallout from the nature of commissioned sales income... everywhere that there are humans.
I've been reading your comments and you are coming across as someone who knows a little
about fiduciary duties (very little) and you think using such words makes us believe you're an expert.
To answer your question about whether I know anything
about fiduciary duties, the answer is yes, i do.
I actually know a fair bit
about fiduciary duty.
Rochester Private Equity & Investment Funds partner Jeremy Wolk and M&A and Corporate Transactions associate Isaac Figueras authored this column
about the fiduciary duties of boards of directors at year end.
What
about our fiduciary relationship to our clients?
In light of the above, we again ask you to finally show that even this Board is serious enough
about its fiduciary obligations to allow shareholders, and not themselves, to decide whether to sell the Company at a substantial premium over the current market price.
«Expectations
about fiduciary responsibility, the way results will be tracked, and other aspects of the grant need to be communicated up front,» Honan says.
In Spitzer's new book, his infidelity «is cryptically referenced in a discussion
about fiduciary responsibility.»
«This is
about fiduciary responsibility,» said David Curry, treasurer of the Northeast Central Labor Council and member of the New York State Nurses» Association.
Check the headlines of many news and industry trade publications lately, and there is a lot of buzz
about fiduciary responsibility as it relates to retirement plan participants.
Given the Trump Administration's misgivings
about the Fiduciary Rule, there is a good bet the DOL will let the regulation die.
They will be hearing
about the Fiduciary Rule from the mainstream press or maybe a competing advisor or annuity selling program.
Personally, I find discussions
about fiduciary standards being applied to financial product salesmen as absurd as they are immaterial to the general public.
As to the FAQ released specifically for investors and workers, Joshua Waldbeser, of counsel with Drinker Biddle & Reath, opines that DOL's intentions «appear to be not just limited to educating investors
about the fiduciary rule generally, but also to address some very specific misunderstandings, and to influence public perceptions» about the rule.
Hear what your peers are asking about the new rule as Marcia covers the most frequently asked questions from the investment community
about the fiduciary rule.
Cortese recommended that advisors visit the DOL website to read
about the fiduciary rule.
If you want to know
about the fiduciary standard, Knut Rostad's your guy.
So are we talking
about fiduciary standards or compensation issues?
A series of seminars and webcasts that educate plan sponsors
about their fiduciary responsibilities under ERISA.
In all of the articles
about the fiduciary rule it seems the biggest benefactors today are the reporters.
I think it's safe to say many 401 (k) sponsors are confused
about the Fiduciary Rule.
We were big fans of his comments
about fiduciaries.
Not exact matches
NASAA has a
fiduciary duty to protect investors, so it's not altogether surprising that they advise their constiuents to be careful
about crowdfunding opportunities online.
It raises questions
about the board, corporate governance and
fiduciary duties.
This raises some interesting questions
about the sturdiness of the term «
fiduciary» should some old school broker / dealer practices come along with them.
It's important to be specific when asking
about whether or not they're a
fiduciary, since many advisers are dually registered as a broker (only subject to the suitability standard) and a
fiduciary.
Your broker is
about to become a
fiduciary — at least when it comes to your retirement accounts — and, depending on whom you ask, that could be a very good or very bad thing.
Investments in farms — both traditional and organic — yielded returns of
about 9 percent in 2010, according to the National Council of Real Estate Investment
Fiduciaries.
If you are looking for an advisory - based relationship, the first thing to understand
about your financial professional's credentials is whether he or she is a
fiduciary — and whether he or she is a
fiduciary all the time.
In addition to price concerns, many small - business owners express reservations
about 401 (k)
fiduciary responsibilities and plan administration.
The pressure on Tribune's controlling shareholder, Chicago - based entrepreneur Michael Ferro, increased after the company's second - largest shareholder — investment fund Oaktree Capital Management — sent a letter to the company's board advising it to «engage Gannett immediately»
about the takeover bid, calling it «the only possible conclusion consistent with your
fiduciary duty.»
Differences in firms» preparedness may reflect differences in the level of effort required to achieve compliance, differences in the availability of resources to undertake such efforts, differences in expectations
about whether, how and when the
Fiduciary Rule and PTEs might be revised, differences in perceptions of and appetite for compliance and / or market risk, or some combination of these factors.
The Department is uncertain
about the magnitude of this reduction and will consider this question as part of its review of the
Fiduciary Rule and PTEs pursuant to the President's Memorandum.
The other requirements of these PTEs, including representations of
fiduciary compliance, contracts, warranties
about firm's policies and procedures, etc., will not become applicable during the period in which the Department performs the mandated examination of the Rule and PTEs.
Since the DOL announced it would not delay the
Fiduciary Rule on May 22, we've received several calls from anxious clients unclear about how the regulation affects their 401 (k) plan and / or fiduciary l
Fiduciary Rule on May 22, we've received several calls from anxious clients unclear
about how the regulation affects their 401 (k) plan and / or
fiduciary l
fiduciary liability.
About those «concessions» the Department of Labor supposedly made in its
fiduciary rule — were they really concessions, or just changes to reward special interests?
In interpreting the definition of «
fiduciary,» therefore, both the common law of trusts and the IAA must be consulted, since it is presumed that «Congress is knowledgeable
about existing law pertinent to the legislation it enacts.»
Meanwhile, Timothy Hauser, COO for DOL's Employee Benefits Security Administration, stated at a mid-July IMCA conference in Washington that DOL plans to «push out» Q&A guidance «fairly shortly» to address questions
about compliance with Labor's
fiduciary rule.
These settlement fees got me thinking
about the DOL's proposed
fiduciary rule.
Closer to home, financial advisors must think long and hard
about the moral hazards of not adhering to a
fiduciary standard.
Sen. Ron Johnson, R - Wis., chairman of the Senate Homeland Security and Governmental Affairs Committee, said in a statement that he was «disappointed» that DOL issued its
fiduciary rule, «despite widespread concern
about the rule's complexity and the harm it may do to low - and middle - income investors.»
Included in that list: Identify investor needs and put those goals first, which is what the DOL
fiduciary rule is
about; develop and monitor a personal plan for each client, help clients through major life changes and be transparent
about fees and expenses.
What's your opinion
about the SEC's recommendation that all financial advisors be subject to a
fiduciary standard?
The mega-settlements Schlichter has won, along with a U.S. Supreme Court ruling last year that put plan
fiduciaries on high (er) alert
about the need to continuously monitor plan investments, has encouraged more law firms to develop and expand their
fiduciary litigation practices.
The Department of Labor plans to «push out guidance fairly shortly» to address questions
about compliance with Labor's
fiduciary rule, Timothy Hauser, chief operating officer of DOL's Employee Benefits Security Administration, said Monday.