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SEC’s AI Rule Could 'Weaken' Advisors’ Fiduciary Duty, IAA Attorney Argues

Wealth Management

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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Extracting Actionable Takeaways From The SEC’s Staff Bulletin Regarding An RIA’s Standard Of Care

Nerd's Eye View

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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RIA Code Of Ethics: Important Nuances To Note In Relatively Straightforward Requirements

Nerd's Eye View

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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Advisory Annuities and the Role of Fiduciary Duty

Wealth Management

Overcoming the RIA/Annuity disconnect by addressing common financial advisor objections.

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Fiduciary Duties of Trustees in the Age of COVID

Wealth Management

Court finds that trustee failed to carry out contractual obligations.

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Tips From the Pros: Powers of Appointment And Fiduciary Duties

Wealth Management

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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Research links: considering all factors

Abnormal Returns

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)