Cassie Miller

Survey: Among Other Traits, Successful Advisors Favor A Fiduciary Standard

What makes a successful advisor? Nationwide has been trying to answer this question through its 2019 Advisor Authority Report. What they found through their conversations with over a thousand advisors is that, like a good recipe, there are many ingredients to make a successful advisor, among them a desire for a strong, uniform fiduciary standard.

Raymond James Settles SEC’s Excess Fee Case

Raymond James agreed to pay $15 million to settle Securities and Exchange Commission charges that three of its entities overcharged advisory fees on inactive retail accounts and charged excess commissions for brokerage investments in unit investment trusts.

Once SECURE, Retirement Bill Now In Limbo

It was supposed to be an all-in, surefire thing back in May when the Setting Every Community Up For Retirement Enhancement Act passed the House of Representatives in an overwhelming 417-3 vote of support. Proponents of the bill had hoped for a quick passage in the Senate, but two months later, the proposed retirement legislation seems destined to hang in limbo for the remainder of the summer due to a Republican hold on the bill in the Senate and the budget agreement closing off additional measures.

Implementing Reg BI: What Advisors And Their Firms Need To Know

The new law of the land is layered and its potential impacts, numerous. The fiduciary governance experts over at Stradley Ronon Stevens & Young said firms and advisors need to be well-informed and proactive to make sure they’re Reg BI-ready come next year.

House OKs Bill That Blocks Funding For Reg BI

By a 227-200 vote, the U.S. House of Representatives today approved a package of amendments to HR 3351, the Financial Services and General Government Appropriations Act, that includes a provision to prohibit the U.S. Securities and Exchange Commission from implementing or enforcing Regulation Best Interest.

Waters Tries Blocking Reg BI Funding With Amendment

Rep. Maxine Waters is pushing an amendment to block funding that the Securities and Exchange Commission needs to implement its newly enacted Regulation Best Interest rule. The House Rules Committee last night accepted the amendment for House floor consideration.

Bulls And Bears And Wolves, Oh My?

We’ve all heard of bull and bear markets, but what about an eagle market or a wolf market – not so much, right? Well, according to one industry professional, there are actually four market environments, not just the two we all love to obsess over when the market turns.

Love It Or Hate It, Reg BI Is Here

Just one year after the Department of Labor fiduciary rule was vacated, the financial services industry is again reeling and rejoicing (depending on where you are in the industry) after the Securities and Exchange Commission’s approval of Regulation Best Interest and its subsequent rulings.

SEC Adopts Regulation Best Interest In 3-1 Vote

The three-fold rulemaking package, which debuted last April went up for a vote this morning as Chairman Jay Clayton and Commissioners Elad Roisman, Robert Jackson, Jr. and Hester Peirce gave their final thoughts on the matter before the vote.

SEC To Vote Today On Reg BI

The Securities and Exchange Commission is voting tomorrow on a three-part rulemaking package containing regulation best interest.

What Your Attire Says About You As An Advisor

Across the financial planning profession opinions vary greatly about what is appropriate attire for meeting with clients, attending conferences with their peers and leaving their own personal mark on their style.