April 25, 2017Vote: Should the SEC Impose its Own Fiduciary Rule?
Last week the SEC’s acting chairman said he thinks the commission should write its own regulation in place of the Department of Labor’s own stalled fiduciary rule. An SEC rule could cover all brokers and all clients, not just advisor/client relationships in retirement savings. Should the SEC write its own fiduciary rule, presumably with broader scope?
Yes. The SEC is the regulator, not the DOL. And it should apply to all advice.23% No. There's simply no need for a fiduciary rule. The currently framework is enough.
April 18, 2017Is the Proliferation of T-Shares Necessary?
Fund companies keep rolling out T-shares in an effort to provide more transparency in keeping with a push towards heightened fiduciary standards. Are these helpful to advisors or are they another product-push to solicit greater third-party help selling mutual funds? Is another share class really necessary to provide greater transparency for clients?
Yes. T-shares offer real innovation and I plan to use them in client accounts.67% No. T-shares don't enhance transparency beyond what I already provide.
April 11, 2017What Will Ultimately Happen with the DOL Fiduciary Rule?
Originally planned to come into effect Monday, the Department of Labor's fiduciary rule has now been delayed until June 9 and by presidential instruction is now under review. Whether or not you agree with the rule, what do you think is the likelihood of survival?
It'll be killed completely.70% It'll survive but be watered down.17% It'll remain intact.
April 4, 2017Have Green Bonds Come of Age?
While some commentators believe policy decisions coming out of Washington, D.C. might not bode well for SRI and environmentally-friendly investment ideas, others think there's already a lot of momentum behind so-called "green bonds." Do you invest your clients in green bonds?
March 28, 2017How Important is Tax Reform to U.S. Growth Prospects?
After a Republican healthcare reform bill was pulled from Congress last week, both President Donald Trump and House Speaker Paul Ryan indicated the government will pivot towards concentrating on passing widespread tax reform. How important do you think tax reform is to domestic growth prospects over the next few years?
Important.26% Not important.
March 21, 2017Will the DOL Rule Make You Jump Ship?
Though the timing and long-term fate of the Department of Labor's Conflict of Interest Rule is uncertain, is the rule coloring your employment plans? Do you plan to sell your practice or join another firm as a direct result of the DOL rule?
March 14, 2017Is the DOL Rule Good or Bad?
In the past 40 days or so, the Department of Labor's fiduciary rule for retirement accounts -- originally set to take effect on April 10 -- has gone from maybe delayed to not delayed to definitely delayed until June. But let's not let timelines cloud the issue. Is the DOL rule worth keeping or not? Tell us why in the comments.
March 7, 2017Would You Use a Third-Party Robo?
Fidelity has joined the growing list of big-name providers offering robo platforms to financial advisors. Whether it be from UBS-backed SigFig, BlackRock's FutureAdvisor, Fidelity, or a smaller firm, would you use a third-party robo to help manage your client portfolios?
Yes.47% No.6% I already am.12% I can't. I'm stuck with what the home office gives me.
February 28, 2017Are You Feeling Fee Pressure Yet?
Asset management fees are declining as lower-cost passive investments take center stage. As a financial advisor, are you feeling pressure to lower fees in reaction? Tell us why or why not in the comments.
February 21, 2017Should the SEC Extend the Fiduciary Standard?
Is the increasingly likely demise of the DOL rule for retirement accounts an opportunity for the SEC to extend the fiduciary standard to all retail financial advice channels?
Gosh no, let it all just go away so we can get back to business.46% Yes, as the SEC was mandated to do so under Dodd-Frank anyway.