Fiduciary Duties of Trustees in the Age of COVID
Wealth Management
SEPTEMBER 7, 2022
Court finds that trustee failed to carry out contractual obligations.
SEC’s AI Rule Could 'Weaken' Advisors’ Fiduciary Duty, IAA Attorney Argues
Wealth Management
MARCH 7, 2024
In contrast, the outgoing director of the SEC's Investment Management Division said the degree of risk in AI’s proliferation is “obvious.” The advocacy group for advisors argued the rule is overly broad.
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Adviser links: in times like these
Abnormal Returns
APRIL 7, 2025
Podcasts Michael Kitces talks with Nick Rodkin, managing partner of Stoic Financial, about working with client couples. nextavenue.org) Advisers Clients prefer advisers with a fiduciary duty. kitces.com) Matt Zeigler talks with Danika Waddell, founder of Xena Financial Planning.
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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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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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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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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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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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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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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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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 (..)
Transcript: John Montgomery, Bridgeway Capital Management
The Big Picture
MAY 20, 2025
The transcript from this weeks, MiB: John Montgomery, Bridgeway Capital Management , is below. 00:02:52 [Speaker Changed] Well, the statistical side definitely comes from my degree and then work as a project manager at MIT. First of all, my, some of my co-portfolio managers will bristle if you refer to us as a factor based firm.
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How to Find a Fiduciary Financial Advisor
Darrow Wealth Management
NOVEMBER 4, 2024
Looking to find fiduciary financial advisors and wealth managers? Only fiduciary advisors are legally bound to act in your best interest at all times. Here are five ways you can find a full-time fiduciary financial advisor. What is a fiduciary advisor? business owners selling a company , stock compensation, etc.).
Weekend Reading For Financial Planners (Feb 18-19)
Nerd's Eye View
FEBRUARY 17, 2023
Further, an investment adviser who can make trades on behalf of a client would be deemed to have custody of the client’s assets, which could substantively shift a very sizable portion of the wealth management RIA community under the custody rule, though it remains to be seen whether or what exact custody rule compliance requirements would be (..)
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 (September 28–September 29)
Nerd's Eye View
SEPTEMBER 27, 2024
Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that a recent study by Cerulli has shown a sharp increase in the number of affluent investors willing to pay for advice, which on the one hand reflects the increasing financial complexity in peoples' lives (while they've also gotten (..)
Research links: considering all factors
Abnormal Returns
JANUARY 31, 2023
papers.ssrn.com) Fund management How do active managers invest their own money? ritholtz.com) Fund investors reward fund managers with 'skin in the game.' blog.validea.com) How anti-ESG movements could be contrary to a fiduciary duty. Indexing The index effect is disappearing. nytimes.com)
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Fiduciary Duty – Theory versus Reality
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 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,…
How to Find a Fee-Only Financial Advisor
Darrow Wealth Management
FEBRUARY 13, 2025
If youre looking for a fee-only financial advisor or wealth manager, its probably because you know fee-only advisors don’t sell products. Although some firms use these compensation methods, the majority base fees on a percentage of assets under management (AUM) for their services. Independent firm.
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How I rocked the world as an hourly financial planner – with Kevin Estes
Sara Grillo
MARCH 11, 2024
He’s taking the world by storm as an hourly financial planner, not managing any assets just giving out powerful financial planning guidance that clients love. He finds that alot of people prefer to manage their investments themselves, just with a little guidance from him. Yeah, the title basically says it all. Good for you, bro.
Empower (formerly Personal Capital) Review – Managing All Your Investments in One Place
Good Financial Cents
JUNE 11, 2023
You see, financial advisors that focus primarily on wealth management can be costly to keep around. 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. Personal Capital to the rescue.
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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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: Canadian bank Canaccord appoints new board members to review management buyout proposal
MarketWatch
MARCH 13, 2023
9 buyout proposal by management. 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. The company said Feb. to C$15.75.
How to Choose the Right Wealth Management Firm in Kansas City
Fortune Financial
SEPTEMBER 25, 2023
How to Choose the Right Wealth Management Firm in Kansas City Managing your wealth is a crucial aspect of financial success and security. Let’s look at key factors to consider when selecting the ideal wealth management firm in the Kansas City metro area. But with many options available, how do you choose the right one?
How to Choose a Personal Financial Advisor
Park Place Financial
SEPTEMBER 8, 2022
To facilitate more effective personal financial management, utilize this guide to find an advisor best suited to meet your needs and desires. . Typically, these advisors are skilled in multiple areas, such as general wealth management or estate planning. Wealth Manager . Reflect on Your Financial Situation .
How to Choose the Right Wealth Management Firm in Kansas City
Fortune Financial
SEPTEMBER 25, 2023
How to Choose the Right Wealth Management Firm in Kansas City Managing your wealth is a crucial aspect of financial success and security. Let’s look at key factors to consider when selecting the ideal wealth management firm in the Kansas City metro area. But with many options available, how do you choose the right one?
How to Lower Your Financial Advisor Expenses
WiserAdvisor
JUNE 12, 2022
The advisor can also help you create a well-diversified investment portfolio , plan your expenses and liabilities, and also help you manage your overall finances smoothly. For example, some financial advisors charge a rough percentage of the total assets they manage, while others have a fixed rate.
Fiduciary Paper #10: Is Proper Tax-Efficient Portfolio Design and Management a Duty, and is it Scalable?
Ron A. Rhodes
AUGUST 6, 2023
I have increasingly witnessed registered investment adviser (RIA) firms, as well as brokerage firms, generally disavow (often in their client services agreement) any duty to manage the investment portfolios of…
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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
Three Qualities of a Successful Investment Adviser
Truemind Capital
SEPTEMBER 10, 2019
Investment management is never a part-time activity but a full-time job. Quality investment management is much more than selecting schemes from star-rating websites or buying a stock based on little insights. Fiduciary duty should be on the top of the mind of any genuine adviser. 🔊 Play Audio.
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ESG: Virtue or Vice? Wrong Question.
Brown Advisory
JANUARY 3, 2023
The “mainstreaming” of sustainable investing has been the story of the decade in investment management. Notably, higher levels of scrutiny from regulators have already ratcheted up expectations for funds and managers that wish to assert their environmental, social, and governance or “ESG” research credentials.
ESG: Virtue or Vice? Wrong Question.
Brown Advisory
JANUARY 3, 2023
The “mainstreaming” of sustainable investing has been the story of the decade in investment management. Notably, higher levels of scrutiny from regulators have already ratcheted up expectations for funds and managers that wish to assert their environmental, social, and governance or “ESG” research credentials.
ESG: Virtue or Vice? Wrong Question.
Brown Advisory
JANUARY 3, 2023
The “mainstreaming” of sustainable investing has been the story of the decade in investment management. Notably, higher levels of scrutiny from regulators have already ratcheted up expectations for funds and managers that wish to assert their environmental, social, and governance or “ESG” research credentials.
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. By adhering to these principles, our advisors uphold the highest standards of integrity, providing the utmost care and diligence in managing our client’s financial well-being.
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. Six Core Fiduciary Duties for Financial Advisors. Check it out. link] Stettner, Morey. (9 MarketWatch.
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. We also describe our initial plans under the Net Zero Asset Managers initiative (NZAMi). Sincerely, . Emily Dwyer.
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What does it mean to be a Fee-Only financial advisor?
Walkner Condon Financial Advisors
APRIL 17, 2023
At Walkner Condon we use the assets under management (AUM) model. We get paid based on a percentage of a client’s assets that we manage. This fee covers not only investment management, but also financial planning. What does it mean to be a fiduciary? A fiduciary is someone who manages money or property for someone else.
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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. We also describe our initial plans under the Net Zero Asset Managers initiative (NZAMi).
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What type of financial advisor is right for you? Questions you should ask.
Walkner Condon Financial Advisors
APRIL 21, 2023
How we are Compensated At Walkner Condon we use the assets under management (AUM) model. We get paid based on a percentage of a client’s assets that we manage. This fee covers not only investment management, but also financial planning. What does it mean to be a fiduciary?
ESG, Shorthand, and Shortcuts
Brown Advisory
DECEMBER 5, 2023
Yet a whole slew of relevant environmental, social, and governance-related information has been panned by political agendas that are far removed from the purview of investment managers. All of these potential outcomes of a company’s ability to manage its environmental, social, and governance issues should be of interest to investors.
What Is a Fiduciary?
Carson Wealth
JANUARY 14, 2023
When talking about financial advisors we often use the term “fiduciary standard of care” to describe how those who are obliged to or have opted into a fiduciary standard are required to treat clients and consumers. Fiduciary vs. Non-Fiduciary Not every financial professional is required to hold a fiduciary standard of care.
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