Advisory Annuities and the Role of Fiduciary Duty
Wealth Management
APRIL 14, 2023
Overcoming the RIA/Annuity disconnect by addressing common financial advisor objections.
Fiduciary Duty Related Topics 
Weekend Reading For Financial Planners (May 27-28)
Nerd's Eye View
MAY 26, 2023
Also in industry news this week: How consumer concerns about the stability of the banking industry could present independent advisors with an opportunity to add value by managing client cash Why an advisor’s fiduciary duty can sometimes come into conflict with the best insurance options for their clients From there, we have several articles on (..)
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Tips From the Pros: Powers of Appointment And Fiduciary Duties
Wealth Management
APRIL 20, 2023
Redd examines litigation in recent years that’s exposed a possible exception to the widely held belief that exercising a power of appointment isn’t a fiduciary act.
It’s Not ‘ESG Investing.’ It’s Just Investing
Wealth Management
APRIL 20, 2023
By not taking ESG factors into account, financial advisors may be shirking their fiduciary duty.
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Fiduciary Duties of Trustees in the Age of COVID
Wealth Management
SEPTEMBER 7, 2022
Court finds that trustee failed to carry out contractual obligations.
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Research links: considering all factors
Abnormal Returns
JANUARY 31, 2023
blog.validea.com) How anti-ESG movements could be contrary to a fiduciary duty. (klementoninvesting.substack.com) How ChatGPT, and other LLMs, will change how investors do their work. nytimes.com)
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Thoughts on the State of Fiduciary Duties for RIAs and Financial Planners
Ron A. Rhodes
MARCH 10, 2023
It is an essential precondition to the process of critical thinking. Possessing doubt permits the receipt and evaluation of opposing points of view. We must first acknowledge that there…
Fiduciary Papers #7: What Steps are Required to Properly Manage a Conflict of Interest Held by An Investment Adviser?
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,…
Multiple Law Firms Investigating Focus Financial Take-Private Sale
Wealth Management
MARCH 20, 2023
Several law firms are looking into whether Focus’ board members breached their fiduciary duties in agreeing to the sale at $53 per share.
Weekend Reading For Financial Planners (Feb 18-19)
Nerd's Eye View
FEBRUARY 17, 2023
Also in industry news this week: A court ruling this week vacated Department of Labor guidance that a one-time rollover recommendation from a company plan to an IRA would trigger fiduciary duty requirements under ERISA Vanguard’s CEO this week indicated the firm plans to invest heavily in direct indexing amid the growing use cases for the strategy (..)
: Freshpet says activist Jana Partners made ‘unfounded’ claims
MarketWatch
MAY 30, 2023
On Tuesday, Freshpet said that its board “has acted in the best interests of all stockholders, in accordance with the directors’ fiduciary duties, and in compliance” with the company’s charter. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move.
New Lawsuits Threaten the Target Date Fund Industry
Advisor Perspectives
SEPTEMBER 15, 2022
These lawsuits open the door to a related and scandalous breach of fiduciary duty – excessive risk. A new wave of lawsuits alleges that Blackrock’s target date funds (TDFs) have underperformed.
The Collapse of SVB: Thoughts on Moral Hazard, Market Fundamentalism, Fiduciary Duties, and the Scope of Government Regulation
Ron A. Rhodes
APRIL 8, 2023
ON THE EXISTENCE OF MORAL HAZARD IN BANKING (ONCE AGAIN) The collapse of Silicon Valley Bank and Signature Bank in led to a March 12, 2023 joint statement from Secretary…
Dell Technologies to pay $1 billion settlement in suit stemming from 2018 Class V stock deal
MarketWatch
NOVEMBER 16, 2022
Dell Technologies Inc. said Wednesday it agreed to pay $1 billion to settle a lawsuit against the company in Delaware Court of Chancery stemming from its December, 2018 transaction involving its Class V stock.
: Cutera fires CEO and Executive Chair for cause in dispute over CEO succession plan
MarketWatch
APRIL 12, 2023
Plants issued a press release in which they disclosed — and blatantly mischaracterized in a defamatory manner — highly confidential internal deliberations of the Board in direct violation of their employment agreements and their fiduciary duties as directors and officers under Delaware law,” said the release.
CFP Board’s Crypto Guidelines Offer a Word of Caution
eMoney Advisor
DECEMBER 20, 2022
As cryptocurrency continues to become a more significant part of the investment world, what responsibility lies with financial advisors who have a fiduciary duty to protect their clients? The Fiduciary Duty is exemplified by the Duty of Care, which applies to financial advice about all financial assets.
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How to Choose a Personal Financial Advisor
Park Place Financial
SEPTEMBER 8, 2022
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. This phrase means the advisor is legally obligated to place their clients’ concerns above their profits. .
F45 Training says it'll study buyout offer, stock dips after rally
MarketWatch
OCTOBER 3, 2022
On Monday, F45 confirmed it received the non-binding buyout offer and said it'll evaluate it as part of its fiduciary duties as it "pursues the course of action it determines to be in the best interests of the company and its stockholders," the company said. F45 Training Holdings Inc. shares dipped 1.3%
: Canadian bank Canaccord appoints new board members to review management buyout proposal
MarketWatch
MARCH 13, 2023
The resignation letter indicated in part that it is the view of the former special committee directors that they could not satisfy their fiduciary duties to the company and fulfil their mandate in the circumstances,” the bank said. for a shareholders’ meeting to remove the former special committee directors.
INDUS Realty Trust stock jumps after receiving cash buyout bid at a more than 13% premium
MarketWatch
NOVEMBER 28, 2022
Consistent with its fiduciary duties and in consultation with its financial and legal advisors, the company's Board of Directors will carefully review the proposal to determine the best path forward for the company that maximizes value for all of the company's shareholders," INDUS said in a statement. Centerbridge, which owns 14.8%
How to Lower Your Financial Advisor Expenses
WiserAdvisor
JUNE 12, 2022
Ensure that the financial advisor is bound by fiduciary duty. A fiduciary refers to an individual who acts in your best interests at all times and is legally bound to place your interests before their own. Financial advisors bound by fiduciary duty will not try to sell you financial products that benefit them monetarily.
ESG: Virtue or Vice? Wrong Question.
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.
ESG: Virtue or Vice? Wrong Question.
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.
ESG: Virtue or Vice? Wrong Question.
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.
Brown Advisory 2020 Sustainability Report
Brown Advisory
JUNE 18, 2020
General commitments to ethics and fiduciary duty. Support for colleagues and their families, including revamped policies covering all expressions of gender and sexual orientation. Diversity and inclusion programs and metrics. Cybersecurity programs to protect clients and colleagues.
Brown Advisory 2020 Sustainability Report
Brown Advisory
JUNE 18, 2020
Community and society Philanthropic activity Environmental impact, including our carbon footprint and our carbon-neutrality commitment Colleagues Career development support, including commitments to support colleague education Support for colleagues and their families, including revamped policies covering all expressions of gender and sexual orientation (..)
What does it mean to be a Fee-Only financial advisor?
Walkner Condon Financial Advisors
APRIL 17, 2023
Additionally, CFPs must adhere to ethical and professional standards, including a fiduciary duty to act in the best interests of their clients. CFPs must also meet ongoing continuing education requirements to maintain their certification.
What type of financial advisor is right for you? Questions you should ask.
Walkner Condon Financial Advisors
APRIL 21, 2023
Additionally, CFP s must adhere to ethical and professional standards, including a fiduciary duty to act in the best interests of their clients. CFP s must also meet ongoing continuing education requirements to maintain their certification.
Tax and Financial Planning Ideas For 2023
Park Place Financial
JANUARY 9, 2023
Park Place Financial adheres to its fiduciary duty to put clients’ needs above our interests. Our team of certified financial planners works collaboratively to help clients establish objectives and develop personalized financial plans designed to meet short and long-term goals.
What Is a Fiduciary?
Carson Wealth
JANUARY 14, 2023
The CFP ® designation requires those holding this designation to act as a fiduciary when providing financial advising or financial planning services. This concept does not have a standard checklist and it’s not derived from a single law.
E.S.G. Good for Wall Street Bad for America
David Nelson
MARCH 6, 2023
Vanguard CEO Tim Buckley recently pulled out of the Net Zero Managers Initiative, affirming his fiduciary duty to clients. Vanguard pulls out Some fund companies see the light and are turning their back on ESG.
Investing in a Resilient Future: Our Role in Supporting the Climate
Brown Advisory
NOVEMBER 29, 2022
For our part, as an investment firm, we must view climate decisions through the lens of our fiduciary duty to generate attractive investment returns that help our clients achieve their goals over the long term.
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Investing in a Resilient Future: Our Role in Supporting the Climate
Brown Advisory
NOVEMBER 29, 2022
For our part, as an investment firm, we must view climate decisions through the lens of our fiduciary duty to generate attractive investment returns that help our clients achieve their goals over the long term.
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5 Ways to Catch Up on Retirement Planning Later in Life
Park Place Financial
NOVEMBER 29, 2022
Since we observe our fiduciary duty, you can trust you will receive the utmost transparency when you partner with our team. . We work collaboratively, combining our various experiences and skill sets to make informed recommendations.
Structured Product Benefits
Park Place Financial
NOVEMBER 29, 2022
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. Our team will analyze your financial situation and leverage data insights and. your goals while minimizing risk.
The SEC’s Own Compliance Culture
Inside Information
APRIL 28, 2022
Cutting right to the chase, the SEC staff says that investment advisors may only use the terms “fiduciary” and “fiduciary duty” on their disclosure form “to the extent permitted by the Form CRS instructions,” and then goes on to remind firms that “the relationship summary is designed to serve as disclosure, rather than marketing material.
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Estate Planning in this Economic Climate
Park Place Financial
NOVEMBER 29, 2022
Our team utilizes financial strategies backed by hard-date and academically validated principles and adheres to our fiduciary duty in all dealings. We have the knowledge and resources to guide clients through the entire estate planning process, from drafting wills to founding trusts.
How to Calculate How Much You Need to Retire
Park Place Financial
SEPTEMBER 30, 2022
Park Place Financial observes its fiduciary duty to act in our client’s best interest, putting your needs above our profits. We use a well-constructed process to guide retirement planning, conducting a review of your financial situation to make informed recommendations.
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The Importance of a Certified Financial Planner (CFP) for Your Financial Planning
WiserAdvisor
NOVEMBER 21, 2022
This is done to establish a fiduciary duty within the candidate and make them a reliable, upstanding member of the fraternity. Financial advisors may or may not have a fiduciary duty, whereas CFPs must uphold the fiduciary standard of the Board. This means working for three years (i.e.
Is Robinhood Safe?
Good Financial Cents
JANUARY 10, 2023
The Bottom Line – Robinhood App is Safe? There’s no denying that Robinhood is a registered broker-dealer with the Securities and Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA).
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Three Qualities of a Successful Investment Adviser
Truemind Capital
SEPTEMBER 10, 2019
Fiduciary duty should be on the top of the mind of any genuine adviser. Aligned Interest: The most important and unavoidable trait should be the complete absence of conflict of interest. Unchecked conflict of interest can ruin your investment returns.
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Sustainable Investing: Considerations for Trustees
Brown Advisory
SEPTEMBER 12, 2019
Put simply, trustees serve as fiduciaries with investment authority over assets that are intended to benefit another person or persons; trustees should use every device at their disposal in an effort to maximize the investment returns of the trust they oversee.
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Sustainable Investing: Considerations for Trustees
Brown Advisory
SEPTEMBER 12, 2019
Put simply, trustees serve as fiduciaries with investment authority over assets that are intended to benefit another person or persons; trustees should use every device at their disposal in an effort to maximize the investment returns of the trust they oversee. ESG AND FIDUCIARY RESPONSIBILITY.
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4 Financial Concerns High-Net-Worth Individuals Face
WiserAdvisor
AUGUST 8, 2022
For instance, you can hire a fiduciary. Fiduciary duty mandates the advisor to keep your interests ahead of theirs. Many a time, the wealth manager may have their vested interests at heart and could recommend a lot of products or opportunities because they benefit them more than you.
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