Dante's Corner, Dante's Corner Subscriber, Reading Lounge, Reading Lounge Subscribers
READ: THE FIDUCIARY SALE: IN SEARCH OF THE ETHICAL ADVISOR. NOTHING FIDUCIARY HERE…
Reading Lounge, Reading Lounge Subscribers, RetirementCulture, RetirementCulture Subscriber
While this Congress has been doing nothing (just like every other Congress) both parties did manage to propose changes to retirement plans. Surprisingly some of the points proposed (not all) are pretty good. Since there is so much negativity around politics, let’s...
Fiduciary Forensics, Fiduciary Forensics Subscriber, Reading Lounge, Reading Lounge Subscribers
The CFA Institute and the Wall Street Journal seem to agree that fiduciary is not an appropriate moniker for every financial consultant. Titles, such as “advisor” or “broker,” should be used by different groups. Dealing with a fiduciary is no guarantee of getting...
Fiduciary Forensics, Fiduciary Forensics Subscriber, Reading Lounge, Reading Lounge Subscribers
The short answer is “Yes” Here are the reasons: 1. The SEC DID NOT make a “Fiduciary” rule, despite what you may read elsewhere. With respect to the TWO (2) proposals they made, they never, not once in the 500+ pages referred to or used the word, “Fiduciary” That’s a...
Reading Lounge Subscribers
By John Lohr “A stockbroker is somebody who invests all your money until it’s gone.” — Woody Allen So I was having lunch at the Bozeman Trail Steakhouse the other day and talked to a local who had been to see one of these financial advisors for investment advice. I...
