Sentences with phrase «such fiduciary advice»
Furthermore, the DOL Rollover Opinion indicates that advisors providing such fiduciary advice, even if inadvertently, will also be treated as subject to the restrictions described in the Rollover Opinion.
https://www.thinkadvisor.com/ Not exact matches
Thus, the amendment expanded the scope of the existing exemption and allowed investment advice fiduciaries to receive compensation for such transactions, provided they make certain disclosures in advance regarding the interest that will be charged.
With our fiduciary responsibility, you can rest assured that we will work for your best interests, providing you with sound advice regarding financial tools such as stocks, bonds, mutual funds, and exchange - traded funds.
As such, SIFMA's is trying to overlay Wall Street's product sales model on to the Advisers Act fiduciary advice model.»
On June 9, 2017, the DOL partially implemented its amended fiduciary rule (the «Fiduciary Rule»), which expands the definition of a «fiduciary» to apply to anyone that makes a «recommendation» as to the value, disposition or management of securities or other investment property for a fee or other compensation, to an employee benefit plan or a tax - favored retirement savings account such as an individual retirement account («IRA»)(collectively «covered account») will be deemed to be providing investment advice and, thus, a «fiduciary», unless an exceptionfiduciary rule (the «Fiduciary Rule»), which expands the definition of a «fiduciary» to apply to anyone that makes a «recommendation» as to the value, disposition or management of securities or other investment property for a fee or other compensation, to an employee benefit plan or a tax - favored retirement savings account such as an individual retirement account («IRA»)(collectively «covered account») will be deemed to be providing investment advice and, thus, a «fiduciary», unless an exceptionFiduciary Rule»), which expands the definition of a «fiduciary» to apply to anyone that makes a «recommendation» as to the value, disposition or management of securities or other investment property for a fee or other compensation, to an employee benefit plan or a tax - favored retirement savings account such as an individual retirement account («IRA»)(collectively «covered account») will be deemed to be providing investment advice and, thus, a «fiduciary», unless an exception applies.
With our fiduciary responsibility, you can rest assured that we will work for your best interests, providing you with sound advice regarding financial tools such as stocks, bonds, mutual funds, and exchange - traded funds.
Whatever the merits of the Department of Labor's and SEC's efforts to require a fiduciary standard for advice, the fact remains that just because an adviser is bound by such a standard doesn't guarantee honesty or unbiased advice.
Whether during the period between 18th September 2008 and 19th January 2009 the Defendants owed fiduciary duties and / or a common law duty of care to the Claimants in respect of the correctness, accuracy and completeness of the information, recommendations and advice provided concerning Lloyds» proposed acquisition of HBOS and / or its recapitalisation with government money through the Placing and Open Offer, and if so the scope of any such duties.
You won't get good answers to pricing questions from the seller's agent because their fiduciary responsibly is to the seller, which precludes them from giving you such advice.
They must show that Dr. Brown (the client) entered into the transaction, not through the operation of any acts on the part of Holmes (the fiduciary), but «after full and sufficient deliberation, and with all the information which it was material for him to have in order to guide his conduct; and that he had either independent and disinterested advice, or as ample protection as such advice could have given him.