WebSep 2, 2024 · The DOL fiduciary rule applies to any advisor giving retirement advice. As long as the advice that is given is tied to a retirement account, the DOL says you must act as a fiduciary. If you start... To understand why this is such a debated topic within the industry, you first need to know that the financial industry is divided into two camps of client care: 1. The suitability standardis defined as giving recommendations that are “suitable” for their client. 2. The fiduciary standardis defined as giving … See more Although advisers may all appear to be the same from the public’s view, the reality is that advisers can differ greatly in what products or services they offer the public due to which licenses they hold. Licenses are issued by FINRA … See more So, there is more to consider other than just the question, “Are you a fiduciary?” but before getting into that, let’s take a look at the “suitability” camp. For the most part, these advisers … See more With over 27 years of industry experience, what I know for certain is that each client is different and requires special attention be given to satisfy their unique needs and preferences. What … See more To make this topic even more confusing, there are some who claim to be a financial adviser but do not hold any series licenses at all, but instead … See more
Jay R. Kemmerer - Chairman & CEO - Berkshire …
WebOct 11, 2024 · The regulation, which aims to create a universal fiduciary guidance standard among financial professionals, will probably see another delay, partly … WebJun 5, 2024 · The standard of conduct draws from key fiduciary principles and cannot be satisfied through disclosure alone. It provides specific requirements to address certain … southport train station ncp
Biden Fiduciary Definition Moves Could Wrap In Annuities, IRAs
WebDec 3, 2024 · Companies that have never faced fiduciary liability have been rushing to comply with the new restrictions, but EBSA already has announced its intent to … WebFeb 10, 2024 · The fiduciary standard under ERISA is considered the highest fiduciary standard under law, with five separate duties that apply: A duty of loyalty to act solely in the interest of plan participants. The duty to act with the prudence of an expert. The duty to diversify investments. The duty to ensure reasonable plan fees and expenses. WebMar 22, 2024 · The fiduciary standard is generally better than the suitability standard of client care. The suitability standard requires that advisors recommend investments that are suitable for the client's needs. southport to wigan by bus