Tag: Broker

The battle over the appropriate standard of conduct for financial advisers rages on. One of the most important distinctions in this battle is the difference between the responsibilities of an investment adviser and a broker. And yet, the current focus on the differences between advisers and brokers is missing a huge gap – consumers do not understand the niceties of this broker vs adviser difference and the confusion created by these rules is costing consumers billions of dollars per year. Read more »

Our last blog (Nature Abhors a Vacuum – and So Should Fiduciaries) discussed the decision by the U.S. Court of Appeals for the Fifth Circuit to invalidate rules, issued by the U.S. Department of Labor, for financial professionals who sell financial services and products to retirement plan participants. One part of the Court’s rationale was […] Read more »