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...
Dante's Corner, Reading Lounge
We want to give you a snapshot of the cases that the SEC settled and charged last week. There are so many of these every week that unless the facts are stunning , unique or original, we’ll only provide a highlight. At least you know who to avoid. PROVIDENCE...
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...
Fiduciary Forensics, Reading Lounge
Summary Does fear motivate people to make a bad investment? The herd mentality? Greed? It all is driven by ego. Bernie? Ego brought him investors ad nauseam. Ego brought him down. I bet you can think of other applications of the ego theory outside of investing. This...
