Cassie Miller

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.

Emotions Drive ESG Investors

ESG investment strategies are on the rise, the Allianz ESG Investor Sentiment Study found, and the return on investment isn’t the only reason these in-demand investments are making waves with investors – it’s the emotional payoff.

How Advisors Can Educate And Empower Female Investors: Q&A with Melanie Husk

Melanie Husk, a financial planner and founder of MEL Consulting Company in Chicago has made a career of helping people achieve their financial goals. A former volunteer with Women Tech Founders and Femfessionals, Husk has made it her focus to empower women to economic prowess. At her company, Husk teaches a financial wellness program once a year to educate and empower women. AdvisorNews asked Husk a few questions about what advisors can do to better empower female investors.

Why Emotional Intelligence Is A Must-have Trait For Advisors

Utilizing your EQ more often with clients, family and friends can help you better understand people and their motivators. Employ these techniques to improve your EQ and enjoy the benefits of a more personal connection to those around you.

Five First Ladies Of Finance

March is Women’s History Month. As such, it’s the perfect time to celebrate the historic women who paved the way for all of the women currently working in the financial services industry by acknowledging the triumphs and obstacles they faced and sharing their stories.

Reg BI’s Long Sleep

The continuing government shutdown has left federal agencies scrambling. Short-term, tax refunds and passports could be delayed being issued, but the long-term implications could have dire repercussions for potential policies such as the Securities and Exchange Commission’s Regulation Best Interest standard, which, prior to the shutdown, was due out sometime this year.

Top 10 Financial Articles Of 2018

There’s been no shortage of financial news in 2018. From the SEC’s Regulation Best Interest to the ups and downs of the stock market, here are the best AdvisorNews articles of 2018.

Are Sliding Stocks Rattling Your Clients?

Since mid-October the stock market has been volatile to investors, soaring upward one day and crumbling the next. This week alone the Dow Jones lost 913.25 points. So, has the six-week slide left investors skeptical of the market and its growing volatility?

FPA Plan Will Not Disband Local Chapters, CEO Says

The FPA announced to chapter leaders on Nov. 2 that it would pursue a new business model in 2019. This week an email sent out by Executive Director and CEO Lauren Schadle to FPA members detailed the changes coming to the organization.

IAC Makes Recommendations To SEC’s Reg BI Proposal

While the IAC is optimistic about the SEC’s REG BI proposal, it offered a few changes for consideration after reviewing public comments. A recent statement from the IAC suggests that their previous suggestions were not taken by the SEC.

First Steps: What Veteran Advisors Do To Engage Clients

Asking someone you’ve never met to trust you with their finances can be a daunting conversation to face. To newcomers to the industry, the idea of building trust and confidence sounds like an uphill battle with a lot of rejection along the way. Here’s what veteran advisors had to offer about talking to perspective clients and making first steps with new clients.

Beware Oct. 24: The Darkest Day For The Stock Market

Historically speaking, Oct. 24 has never been a good day for the stock market (or much else for that matter. No, really – look it up). So, why has this day become nightmarish for those on Wall Street? It all started on Oct. 24, 1929.

Why The New Tax Plan Means Reevaluating Your Clients’ Estate Plans

When the TCJA passed last December, it made several sweeping changes to policies such as the generation-skipping transfer tax. Although it’s worth noting that those changes are still temporary, experts say it’s better to take a second glance at those estate plans now.

What’s In A Name? The Advisor Debate Rages On

Despite the definition in the Investment Advisers Act of 1940, there still seems to be a disagreement as to whether or not the title and its two spellings are an issue.

More Than A Fancy Office: Forge An Elite Advisor Reputation

You might have a fancy office, but the advisor down the street has a fancy office, too. You both also have a website and business cards. At a certain point, the markers that used to represent success become the norm, and these items — like a nice office — aren’t what will set you apart.

Analysts Watching Market Ahead Of Midterms

Analysts and market forecasters are also keeping a close eye on the elections given that policy, tax reform and infrastructure could all change, November could cause a rise in market volatility.