Sentences with phrase «fiduciary advice need»
The latest, involving Principal Financial Group, is a reminder of how closely passive investing and fiduciary advice need to go... Read More
https://www.ifa.com/ Not exact matches
It has been close to a year since the Department finalized the Fiduciary Rule and PTEs, and now with the additional extension of the applicability date contained in this final rule, there is little basis for concluding that advisers need still more time before they will be ready to give advice that is in the best interest of retirement investors and free from material misrepresentations in exchange for reasonable compensation.
Hire an investment adviser that doesn't need the BICE to deliver fiduciary - grade investment advice.
DOL, via its fiduciary rule, has «created a regulatory framework that both protects consumers and gives financial advisors the flexibility to provide much - needed financial advice consistent with a wide range of business models,» the Coalition said.
President Obama gave a full - throated endorsement of the Department of Labor's controversial proposal to impose fiduciary obligations on brokers and advisors working with retirement plans, insisting that new rules are a needed consumer protection to prevent billions in costs due to bad advice.
While the SEC considers whether to extend a fiduciary duty to all advice givers, and the Department of Labor forges ahead on its revised definition of fiduciary, HighTower has moved ahead on its own, wrapping a strict fiduciary standard into a business model that meets client needs while giving top Wall Street brokers an innovative home from which to serve those clients and grow their individual businesses.
DOL «confirmed that explaining the need to take required minimum distributions was not fiduciary advice (which is good, but was already clear), but then went on to say that, if a recommendation about how to invest those required distributions was made before the distribution, it was fiduciary advice.»
Dale Brown, FSI president and CEO, remarked in a Friday statement that FSI «applauds the president's action, which will delay a rule with devastating consequences for so many people,» adding that FSI «stands ready to work with the president and his administration to put in place a uniform fiduciary standard that protects investors, while not denying quality, affordable financial advice to those who need it most.»
In addition, as with all advisors today who currently offer fiduciary advice, under the DOL rule, the advisor need not avail him or herself to the entire universe of products, but may determine the firm's «shelf» of product solutions that serve his business practice and clientele best — using standards for selection and adhering to them.
Unless otherwise disclosed to you, any investment or management recommendation in this document is not meant to be impartial investment advice or advice in a fiduciary capacity, is intended to be educational, and is not tailored to the investment needs of any specific individual.
availability (in most cases) of highly qualified portfolio managers working to a fiduciary standard to step in and provide limited human advice when needed.
``... [u] ntil [HF Pension Trustees] knew that they had received seriously incorrect advice which overlooked the need for propriety in exercising fiduciary powers, they did not know that the interests of their beneficiaries, the scheme members, were being prejudiced.
The fact that so many Realtors need to be reminded of this kind of advice as well as of other commons sense - based information is a testament to the sad state of affairs that Organized Real Estate finds itself in as it continues to populate its ranks with charismatic know - nothings (beyond answering some questions correctly — well, at least 80 % of them anyway — on three exams) paying for whiz - bang websites and script - ready manipulative speeches designed to make consumers think that they are the cat's ass when it comes to who will best represent their fiduciary interests (read... get them the most money for a sale or the most house for the money).
In order to guarantee our future, we need to impress upon the public that we're not functionaries but fiduciaries, advice - giving professionals who can save our clients time and money while keeping them out of court.
Any Calgarian that is even considering Buying needs the advice of a Professional Buyers Agent, who can give advice that has no fiduciary duty to SELLERS.
Reasonable Care and Diligence The fiduciary duty that requires the agent to protect the principal / client from foreseeable risks of harm, recommending that the principal obtain expert advice or assistance when the principal's needs are outside the scope of the agent's expertise.