Sentences with phrase «fiduciary standards»

Mr. Armstrong has served a number of times as an Expert Witness in arbitrations, mediations and Federal lawsuits involving fiduciary standards, suitability, asset allocation, risk control, portfolio construction, sustainable withdrawal rates, and market returns.

The Department of Labor's efforts to reform fiduciary standards are not yet in effect, so in the meantime proceed with caution.

Tax - aware planning and investing is an area where advisors can distinguish themselves from the competition and demonstrate fiduciary standards of expertise and putting their clients first.

With Federal regulators evaluating fiduciary standards, look for more and more providers to fall under the functional fiduciary standard.

FN: The Consumer Federation of America (CFA) has been on the vanguard of promoting fiduciary standards.

Going forward, advisers and wealth management firms who choose to ignore fiduciary standards face serious risk of reputational damage and, ultimately, lost assets under management.

We applaud the Department of Labor for raising awareness of the importance of fiduciary standards, especially the duty of care, the focus of our comments.

Chief investment officer for currency says FX Global Code of Conduct embodies good fiduciary standards

Personally, I find discussions about fiduciary standards being applied to financial product salesmen as absurd as they are immaterial to the general public.

Then there's the current dispute regarding the Department of Labor's push for fiduciary standards for advisors servicing smaller 401 (k) accounts.

Second, DOL «then offers an exemption from this far - reaching prohibition — known as the best interest contract exemption (or «BIC» exemption)-- but conditions it on financial services firms and insurance institutions agreeing to subject themselves to fiduciary standards of conduct in contracts that they must enter into with their customers, as well as a range of other restrictions and requirements.»

So are we talking about fiduciary standards or compensation issues?

US SIF Comments on DOL Field Bulletin on the fiduciary standards under ERISA relating to proxy voting and shareholder engagement activities, and consideration of «economically targeted investments.»

Small plans will continue to move away from revenue sharing as they continue to strive to meet fiduciary standards.

Robo - advisors «may meet the needs of certain customers, but this alone does not make them investment advisors,» Galvin said, adding that the fiduciary standards that apply to investment advisors «will apply in equal measure to robo - advisors, and they can not disclaim those away.»

They would not be specifically required to meet other transition period requirements of these PTEs, such as to make specific written disclosures and representations of fiduciary status and of compliance with fiduciary standards in investor communications, designate a person or persons responsible for addressing material conflicts of interest and monitoring advisers» adherence to the Impartial Conduct Standards, and comply with new recordkeeping obligations.

In addition, some comments indicate that some firms have already adopted and intend to maintain fiduciary standards Start Printed Page 16909of conduct.

The Department also considered the possible impact of a 90 - day or longer delay in the application of the fiduciary standards and all conditions set forth in the Fiduciary Rule and PTEs.

Advisors should be able to directly answer your questions and have detailed, documented proof of fees; fiduciary standards; a client bill of rights and code of ethics; and a succession solution.

Those not working to the fiduciary standard are held only to a suitability standard, meaning their advice must be suitable for the clients» financial situation, but is not necessarily in their best interest.

I'm a fan of the fiduciary standard.

A new fiduciary standard applying to financial advisors of retirement accounts, including individual retirement accounts, is expected to be finalized by the Department of Labor within the next several months.

Currently, registered investment advisors regulated by the Securities and Exchange Commission or state securities regulators are already held to a fiduciary standard of conduct under which they must act in their clients» best interests.

The Department of Labor passed a new rule earlier this year requiring that financial advisors who work with clients on retirement plans abide by a fiduciary standard.

When it comes to protecting investors and advocating for a fiduciary standard, the SEC is simply not doing enough.

If you don't have the fiduciary standard, it's a little bit like walking down to the Ford lot and saying, «Do you think I need a new car yet or do you think I should keep driving the old one for another couple of years?»

«This is an extremely dangerous advisor — because this advisor can say they are an investment advisor and is held to the fiduciary standard and would be telling the truth.

The fiduciary standard is a federal requirement designed to ensure that financial advisors don't sell clients products that are better for the advisors than for the clients.

Plus, I operate at a fiduciary standard, meaning I'm legally obligated to act in their best interest.»

Provide for a fiduciary standard for broker - dealers consistent with the standard applicable to investment advisers.

While a financial advisor held to a fiduciary standard will give you truly the best financial advice they are qualified to give, an advisor held to a standard of suitability will give you information that can be compromised from a conflict - of - interest.

The DOL considers prudence one of the «chief components» of an impartial conduct fiduciary standard, and our legal experts tell us that includes a prudent process to evaluate products and make recommendations.

Americans for Annuity Protection has engaged in active outreach to leaders of influence to establish the argument that the DOL's fiduciary rule should be returned because of the analysis performed by the department is flawed, inconclusive and arbitrary; it is not compatible with the Uniform Security Law or established insurance law, and the law has potential conflict with the Dodd - Frank requirements to the Securities and Exchange Commission (SEC) on reviewing a uniform fiduciary standard.

Repeal is necessary to remove the DOL from the process to ensure a uniform application of any new Fiduciary standard.

A fiduciary standard is a «principles - based» standard, which has no explicit regulations or requirements governing the conduct.

The fiduciary standard is here to stay, she adds.

The new Department of Labor fiduciary standard will alter hedge fund usage in certain portfolios.

Reading more of the ICI findings, it is fairly apparent why the rule seeks to over-regulate annuity advisors who are subject to the rules - based and highly regulated suitability standard while under - regulating fee - only advisors by holding them to a subjective, principles based fiduciary standard: to pander to the employer - sponsored plan providers and keep money from rolling over.

We avidly support the fiduciary standard and would like to see it extended to the entire financial services industry and not just retirement plans.

The financial planner held to a fiduciary standard has a much different approach.

Closer to home, financial advisors must think long and hard about the moral hazards of not adhering to a fiduciary standard.

The new fiduciary standard mandated by the Department of Labor prohibits advisors from making recommendations that will cause compensation for their services to be more than «reasonable.»

It would be more difficult to keep those commission - based accounts, the industry has said, if the fiduciary standard were imposed.

Clearly, the public relations work of Knut Rostad of the Institute for the Fiduciary Standard (who contributed to both of these stories) and others is beginning to have a dramatic effect.

Edward Jones believes «in the future the mutual fund industry will need to align around common pricing and common structures in order to meet the DOL fiduciary standard.»

What's your opinion about the SEC's recommendation that all financial advisors be subject to a fiduciary standard?

If the fiduciary standard is imposed on financial advisors, how might that affect the annuity market?

But even on that benchmark their interpretations vary — evidence, perhaps, of the depth and complexity of the legal questions raised with the finalization of the Labor Department's new fiduciary standard.

If the Fiduciary Standard is applied to brokers as well as financial advisors as has been discussed, there will for sure be lots of change, but to announce the death knell of the advice business is as ludicrous as saying there will no longer be a demand for teachers or doctors.

They're already operating on a fiduciary standard.