Sentences with phrase «fiduciary standard of care»

We work with the clients of the most vigilant financial professionals in the country to provide life insurance services under the rare and rigorous fiduciary standard of care.
There are two potential rule makings around fiduciary standard of care: the SEC, under Section 913 of the Dodd - Frank Act, and the Department of Labor, under ERISA.
Amidst political fanfare on Monday, President Obama formally announced his support of the Department of Labor's attempt to hold more financial advisors to a fiduciary standard of care by broadening the definition of «investment advice» to include more service providers.
We have been discussing the fiduciary standard of care owed to investors for some time now — I am pro, much of the commission side of the business is con.
Ironically, this advice can often make overpriced fund selection more likely because most financial advisors aren't subject to a fiduciary standard of care today.
As you know, I have been a spokesperson of the industry in support of a fiduciary standard of care under Section 913 of Dodd - Frank for years.
In imposing a fiduciary standard of care on all plan advisors, smaller sponsors will be relieved of liability, as advisors will be contractually obligated to serve plan participants» best interests under the rule.
It required brokers to apply a fiduciary standard of care.
Assets are already overwhelmingly flowing to low - cost index funds and firms that hold to the fiduciary standard of care.
Education, one of the most ambiguous parts of the Rule, is okay but to educate the consumer about the various choices among products and navigate them to a choice that is in their best interest, imposes the onerous and impossibly vague «fiduciary standard of care
Some workers prefer to plan and invest themselves instead of paying for an advisor and other workers remain wary in the wake of the debate around the fiduciary standard of care, said Lisa Greenwald, co-author of the report.
30:32 «Make sure that you can get in writing from the advisor that they will provide a fiduciary standard of care which requires them to give advice that's solely in your interest»
The fiduciary standard of care requires that a financial adviser act solely in the client's best interest when offering personalized financial advice.
Broker - dealers are also regulated under federal law, including under the Securities Exchange Act of 1934, but are not required to provide services to their clients under the fiduciary standard of care.
Adoption of a fiduciary standard of care will not negatively affect the availability of investment advice or the range of products for moderate - and low - income consumers.
What is the «fiduciary standard of care
Why is the fiduciary standard of care an issue of concern?
Certain types of advisors and firms called registered investment advisors, who are registered with the SEC, or with their state securities commission, are required to adhere to the Investment Advisor Act of 1940, which requires a fiduciary standard of care.
Follow a fiduciary standard of care This goes along with my first point.
In 1999, Hebner set out to help other investors avoid making the same mistakes by creating an investment advice firm that avoided the dark secret of active management and focused on a fiduciary standard of care for its clients.
The phrase EVERYONE should look for in an advisor is «FIDUCIARY STANDARD OF CARE».
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