Nerd's Eye View

SEPTEMBER 27, 2024

Also in industry news this week: As brokerage firms have faced a wave of lawsuits regarding the low interest rates paid on cash sweep accounts, some legal experts believe that RIAs could also be targeted for legal action if they allow clients' uninvested cash to sit in a cash sweep account rather than investing it or moving it to a higher-yielding (..)

Financial Planner

Advisor Perspectives

JULY 15, 2024

They exist in all fee models, whether they be commissions, assets under management, fixed fee, or hourly. Conflicts are everywhere in financial planning. Any time money changes hands there are conflicts of interests.

Fiduciary Duty

Ron A. Rhodes

MARCH 18, 2023

While the SEC has provided an interpretative release [SEC Release IA-5248, Commission Interpretation Regarding Standard of Conduct for Investment Advisers (July 12, 2019)] regarding the fiduciary duties of investment advisers,…

Fiduciary Duty

Ron A. Rhodes

DECEMBER 13, 2023

It is possible that all commission-based compensation involving the sale of investment products, life insurance products, and annuities could be eliminated. And it would be right and just to do…

Commission

WiserAdvisor

JUNE 12, 2022

For example, some advisors are paid via commissions on the sale of financial products like stocks, mutual funds, policies, etc. A commission-based financial advisor earns a commission based on the financial products they sell. Ensure that the financial advisor is bound by fiduciary duty.

Financial Advisor

Park Place Financial

SEPTEMBER 8, 2022

They register with the United States Securities and Exchange Commission ( SEC ) to gain the designation. . A key indication of an advisor’s dedication to acting in the client’s best interest is the mention of fiduciary duty. Some advisors do not observe fiduciary duty but are bound to a suitability standard.

Financial Advisor

Walkner Condon Financial Advisors

APRIL 17, 2023

In contrast, a commission-based financial advisor receives commissions or other forms of compensation from financial product providers for recommending and selling their products. This can make it difficult for investors to fully understand the potential conflicts of interest that may exist when working with a commission-based advisor.

Fee Only

Truemind Capital

SEPTEMBER 10, 2019

Fiduciary duty should be on the top of the mind of any genuine adviser. To ensure that the interest of your adviser is totally aligned to yours, an adviser should manage the entire investment in zero-commission products like direct plans of mutual funds and earn only from transparent fee received from you.

Investing

Walkner Condon Financial Advisors

APRIL 21, 2023

In contrast, a commission-based financial advisor receives commissions or other forms of compensation from financial product providers for recommending and selling their products. This can make it difficult for investors to fully understand the potential conflicts of interest that may exist when working with a commission-based advisor.

Certified Financial Planner

Sara Grillo

AUGUST 14, 2023

Legal definition of the fiduciary standard To quote directly from a paper by Attorney Lorna Schnase , two bodies of law form the legal basis for the fiduciary standard: Common law: Under common law principles of agency, an investment adviser, as agent, owes fiduciary duties to its client, as principal.3

Financial Advisor

Good Financial Cents

JANUARY 10, 2023

” With its easy-to-use interface and commission free trades, Robinhood has become one of the most popular stock trading apps in recent years. Robinhood is a stock brokerage that offers commission-free trading through its mobile app and website. Commission-free trading on certain stocks and ETFs.

Commission

Good Financial Cents

JUNE 11, 2023

They charge either a percentage of assets managed or a flat hourly rate that can run as high as several hundred dollars per hour, plus trading commissions and administrative fees. They are salespeople paid to push products, earning commissions and kickbacks when they do. In stark contrast, Personal Capital is an investment advisor.

Management

WiserAdvisor

AUGUST 18, 2023

Fee-only financial advisors Average cost: $200 to $400 an hour/ $1,000 to $3,000 per plan/ 1.18% to 0.59% of AUM Fee-only financial advisors are professionals who do not receive commissions from selling financial products. Instead, they charge fees directly to their clients for the services they provide.

Financial Advisor

Fortune Financial

SEPTEMBER 25, 2023

When researching wealth management firms, paying attention to their credentials and qualifications is essential, including whether they have a fiduciary duty to uphold. In the United States, this often means being registered with the Securities and Exchange Commission (SEC) or state-level agencies.

Wealth Management

WiserAdvisor

MARCH 13, 2025

Firm-based advisors may be under pressure to promote certain products, either because they align with the companys business strategy or because they bring in higher commissions. Check for fiduciary duty and registration One of the first things to check is whether the advisor has a fiduciary duty.

Financial Planning

Brown Advisory

JANUARY 3, 2023

But that desire has been criticized for running afoul of the concept of fiduciary duty–in simplified terms, the duty to act in a client’s best interests at all times.

Fiduciary Duty

Brown Advisory

JANUARY 3, 2023

But that desire has been criticized for running afoul of the concept of fiduciary duty–in simplified terms, the duty to act in a client’s best interests at all times. 1 1987, the United Nations Brundtland Commission definition of sustainable development.

Fiduciary Duty

Brown Advisory

JANUARY 3, 2023

But that desire has been criticized for running afoul of the concept of fiduciary duty – in simplified terms, the duty to act in a client’s best interests at all times. 1 1987, the United Nations Brundtland Commission definition of sustainable development.

Fiduciary Duty

Park Place Financial

NOVEMBER 29, 2022

Securities and Exchange Commission. At Park Place Financial, we observe our fiduciary duty to always act in our client’s best interest, meaning you will receive the utmost transparency whenever you rely on us for financial. These pre-packaged investments usually feature assets connected to interest and an additional. derivative.

Certified Financial Planner

Fortune Financial

SEPTEMBER 25, 2023

When researching wealth management firms, paying attention to their credentials and qualifications is essential, including whether they have a fiduciary duty to uphold. In the United States, this often means being registered with the Securities and Exchange Commission (SEC) or state-level agencies.

Wealth Management

Ron A. Rhodes

DECEMBER 21, 2023

In recent years a major development has occurred with respect to annuities … more and more insurance companies are offering annuity products with no commissions. These products can deliver more…

Commission

Inside Information

SEPTEMBER 28, 2021

Then came Reg BI, in 2019, where the Commission decided that adopting a separate rule restricting these terms was ‘unnecessary.’. 202(a)(11)(c) of the Advisers Act,” the petition says, “the Commission can increase investor protection by (re-)asserting a distinction between product sales and stand-alone investment advice.”.

Financial Planner

WiserAdvisor

MAY 31, 2022

According to the Federal Trade Commission (FTC), in 2021, American consumers lost over $5.8 You can check the company’s financial statement on the Securities Exchange Commission (SEC) EDGAR filing platform. Most often, until someone has been a victim of financial fraud, they fail to recognize the growing intensity of these crimes.

Investing

Sara Grillo

NOVEMBER 14, 2022

Do advisors breach fiduciary duty when they fail to recommend annuities? Should those with only insurance licenses that allow them to sell annuities and/or life insurance be held to the same “fiduciary standard” as Registered Investment Advisers (RIAs) with the SEC or state regulators? Are commissions bad?

Insurance

Sara Grillo

JUNE 12, 2023

BARRY FLAGG OR STEVEN ZEIGER: That’s what really makes paralytic so easy, because overly benchmarks illustration against the life insurance industry benchmarks, and you can easily see where you fall along continuum by my costs are lower than everyone else’s… Great, let’s party.

Insurance

The Big Picture

JUNE 20, 2023

And so I would see how the over-the-counter desk, over-the-counter stock desk would push stocks and encourage brokers to sell them, put a lot of commission in them, to move them because some big seller was coming into the market. I mean you really saw the inner workings, how the sausage is made, as they say. RITHOLTZ: Right.

Insurance