Fiduciary Duties of Trustees in the Age of COVID
Wealth Management
SEPTEMBER 7, 2022
Court finds that trustee failed to carry out contractual obligations.
Fiduciary Duty Related Topics 
Seeking Best Execution: Understanding The SEC’s Expectations For Advisors To Deliver Best Outcomes For Clients
Nerd's Eye View
NOVEMBER 20, 2024
One of the best sources of guidance from the Securities and Exchange Commission (SEC) is a 1986 interpretive release that unofficially sets forth a framework for satisfying the fiduciary duty to seek best execution of securities transactions in client accounts. Read More.
Fiduciary Duty 
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Advisory Annuities and the Role of Fiduciary Duty
Wealth Management
APRIL 14, 2023
Overcoming the RIA/Annuity disconnect by addressing common financial advisor objections.
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SEC’s AI Rule Could 'Weaken' Advisors’ Fiduciary Duty, IAA Attorney Argues
Wealth Management
MARCH 7, 2024
The advocacy group for advisors argued the rule is overly broad. In contrast, the outgoing director of the SEC's Investment Management Division said the degree of risk in AI’s proliferation is “obvious.”
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Q&A: George Kinder on His Call for a New Fiduciary Standard
Wealth Management
JULY 29, 2024
In his new book, the ‘father of life planning’ advocates for a broader fiduciary duty, one that extends to all institutions. Here’s how advisors play into that grand vision.
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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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Adviser links: in times like these
Abnormal Returns
APRIL 7, 2025
nextavenue.org) Advisers Clients prefer advisers with a fiduciary duty. (knowledge.wharton.upenn.edu) Why advisers may spot dementia in clients first. thinkadvisor.com) Older Americans are joining in on the sober curious trend. citywire.com) Financial capital is only one part of well-being.
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Choreo Sues Compound, Breakaway Advisors for Alleged Breach of Fiduciary Duty, Soliciting Clients
Wealth Management
MARCH 5, 2025
Choreos lawsuit comes a day after Compound announced it had brought on members of the Des Moines, Iowa-based team that had overseen $1.2 billion in client assets.
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Cambridge Investment Research Associates To Pay $15M In SEC Revenue-Sharing Conflicts Case
Wealth Management
MARCH 21, 2025
The SEC accused Cambridge Investment Research's RIA business of breaching its fiduciary duty in recommending certain mutual funds and money market sweep funds.
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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.
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Extracting Actionable Takeaways From The SEC’s Staff Bulletin Regarding An RIA’s Standard Of Care
Nerd's Eye View
OCTOBER 25, 2023
There is a general understanding that investment advisers have a fiduciary relationship with their clients – in other words, that they are required to act in the client's best interests. These 3 components in practice make up a core part of the adviser's fiduciary duty to their clients.
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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.
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RIA Code Of Ethics: Important Nuances To Note In Relatively Straightforward Requirements
Nerd's Eye View
JUNE 21, 2023
All investment advisers are fiduciaries that owe a duty of care and loyalty to their clients, and, in an ideal world, advisory firms and their staff would abide by these requirements without the need for a prescriptive code of ethics.
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When Are Advisors (Financially) Liable For Negligent Investment Advice? (And Who Pays For It)
Nerd's Eye View
JUNE 12, 2024
For example, if an advisor recommends an investment that prioritizes the commission they would receive rather than any benefit the client would derive from it, they could incur fines and sanctions for violating their fiduciary duty as an advisor.
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Personal finance links: the burden of social debt
Abnormal Returns
JULY 26, 2023
blas.com) Personal finance Eight things to look for in a financial advisor including 'a fiduciary duty.' (morningstar.com) Some insights from Felix Dennis including 'Never loan money to friends or family. whitecoatinvestor.com) A look at ways to provide inter-generational wealth transfer absent a trust including 529 plans.
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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 (..)
Weekend Reading For Financial Planners (January 20-21)
Nerd's Eye View
JANUARY 19, 2024
Also in industry news this week: While the total number of RIA M&A deals in 2023 fell short of a record-setting 2022 amidst an elevated interest rate environment, continued interest from private equity firms and creative deal structures could boost deal flow in 2024 While the SEC authorized 11 "Spot" Bitcoin ETFs last week, comments from chair (..)
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 (..)
Thinning the Herd: Herd Investing Is a Disservice to Clients
Advisor Perspectives
JULY 1, 2025
True fiduciary duty isn’t fulfilled by following the crowd. It’s fulfilled by doing the harder thing: making the right call even when it’s the unpopular one. The world doesn’t need more advisors playing not to lose. It needs more who are willing to lead — even if they walk alone.
How to Find a Fiduciary Financial Advisor
Darrow Wealth Management
NOVEMBER 4, 2024
Other reasons to work with a fiduciary registered investment advisor Legal obligation to act in your best interests: A fiduciary duty isn’t a marketing tactic, it’s a legal obligation and the highest standard of loyalty and care under the law.
Weekend Reading For Financial Planners (September 28–September 29)
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 (..)
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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Fiduciary Duty – Theory versus Reality
Advisor Perspectives
JULY 15, 2024
Conflicts are everywhere in financial planning. They exist in all fee models, whether they be commissions, assets under management, fixed fee, or hourly. Any time money changes hands there are conflicts of interests.
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,…
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…
How I rocked the world as an hourly financial planner – with Kevin Estes
Sara Grillo
MARCH 11, 2024
He says that as a fiduciary, his job is to return back multiples of the value of each dollar they spend on him. If he doesn’t, he feels he isn’t doing this fiduciary duty. He takes the fiduciary duty very seriously and lives it, not just virtue signals it. Good for you, bro.
: 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 Find a Fee-Only Financial Advisor
Darrow Wealth Management
FEBRUARY 13, 2025
Fee-only financial advisors are often registered investment advisors too, meaning they have a legal duty to act in the clients best interest. This fiduciary duty is a cornerstone of their practice, providing clients with the confidence that their financial advisor is working solely for them.
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Is a Financial Planner Course (CFP) Worth It? A Comprehensive Guide for Aspiring Financial Professionals in India
International College of Financial Planning
JULY 2, 2025
Career Versatility CFP holders can take up roles like: Personal Financial Planner Wealth Manager Investment Advisor Retirement Planner Estate Planning Consultant Client Relationship Manager Ethical Framework The certification’s focus on fiduciary duty helps professionals stand out in a market often plagued by mis-selling or product-focused advice.
Wealthfront’s Portfolios Are Now Even More Tax-Optimized
Wealthfront
NOVEMBER 4, 2024
Wealthfront Advisers is a registered investment advisor, and that means we have a fiduciary duty to act in your best interest. As part of that commitment, we are always looking for opportunities to help you earn more and keep more.
Securities Industry to DOL on Fiduciary: We’re Perfect, Leave us Alone
Advisor Perspectives
NOVEMBER 14, 2023
Fiduciary duties are either unneeded or harmful, according to the opponents of the DOL rule. In their view, the finance and insurance industries have already achieved perfection.
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…
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. .
: 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.
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 (..)
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.
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.
: 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.
Does being a fiduciary financial advisor REALLY matter – or is it “meh?”
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 2010, August 1).
Why is the CERTIFIED FINANCIAL PLANNER™ Designation Important to Us?
Tobias Financial
JULY 11, 2023
It signifies a commitment to professionalism, ethics, and a fiduciary duty to act in our clients’ best interests. We hold our advisors to this rigorous requirement, ensuring that those who lead client relationships and provide investment advisory services possess this designation. Why is the CFP® designation crucial to us?
Don’t fall for the BS – use these RAW and REAL tips to find a financial advisor!
Sara Grillo
DECEMBER 22, 2023
. #3 Leverage Fiduciary resources and learn what a pure fiduciary is Institute for the Fiduciary Standard houses a library of Advisor On My Side resources. Read about the six core fiduciary duties. Institute for the Fiduciary Standard. Six Core Fiduciary Duties for Financial Advisors.
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.
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