April 24, 2018Would You Be Willing to Part with Your Advisor/Adviser Title?
The proposed SEC Regulation Best Interest package would prohibit broker-dealers and their associated persons from referring to themselves as either “advisor” or “adviser” unless they are specifically also registered as investment advisors with the SEC. Are you willing to part with your advisor/adviser title?
Yes41% No7% I don't know24% I'm ambivalent. I can call myself wealth manager, or financial planner, or whatever else I want anyway!
March 20, 2018What’s Next for The DOL's Fiduciary Reform Rules?
A recent court decision could put the Department of Labor out of the fiduciary-reform game in favor of the SEC, where such efforts are already underway. Or it could let a deregulation-minded administration smother the initiative altogether. Which outcome do you think is likelier?
Fiduciary reform gets done in the SEC alone.37% Fiduciary reform gets swept under the rug.
March 12, 2018The Protocol Question You’ve Been Dying to Answer
No matter where you actually work, let’s pretend you’re in the trenches at a captive brokerage. Would you be more or less likely to leave if your company left the Protocol for Broker Recruiting?
More likely to leave if my employer has left the protocol.25% Less likely to leave if my employer has left the protocol.
February 20, 2018Would You Self-Report Fee Violations to the SEC?
The SEC is extending an amnesty to financial advisors who self-report fee violations before June 12 and return funds to harmed investors. The watchdog won’t recommend financial penalties for advisors who self-report receipt of 12b-1 fees in recommending mutual fund share classes when lower-priced share classes of the same mutual fund were available. If you had fee violations, would you self-report them to the regulator?
Yes50% No0% Undecided
February 6, 2018Are We Headed For An Almighty Correction?
After significant falls in equity markets Friday, the Dow Jones Industrial Average closed Monday down 4.6%, the S&P 500 index had its worst percentage fall since August 2011, and the Nasdaq fell 3.8 per cent. Do you see the significant market declines of the past few days as the start of a more pronounced correction?
January 2, 2018What Will Be the Biggest Investment Trends in 2018?
With the Dow and the S&P 500 seemingly unstoppable in 2017, what will be the defining market qualities this year?
Ongoing domestic stock market growth.13% A major correction is on the way.32% The year will be characterized by increased volatility.29% Emerging markets will take over as growth drivers.
December 19, 2017Who Owns Customer Accounts in the Financial Advisory Industry?
The who-owns-the-customer debate has resurfaced in the financial advisory industry because of the recent exits by Morgan Stanley and UBS from the Protocol for Broker Recruiting. In your opinion, who owns the customers, their account information and the right to service their assets?
The Advisor.9% The Firm.
November 21, 2017What Are Your Thanksgiving Plans?
For clients and advisors alike, it's one of the shortest work weeks of the year and a time for big family get-togethers. What are your holiday plans this week?
I'm off all week.65% I'm taking Thursday and Friday.27% Apart from Turkey Day, it's business as usual.
October 31, 2017With Morgan Stanley Out, Will More Firms Leave the Broker Protocol?
Morgan Stanley has revealed it's pulling out of the Broker Protocol, which protects registered representatives who move from one signatory firm to another. With a major wirehouse ditching the agreement, will others follow? Tell us in the comments section what you think about Morgan Stanley's move.
October 17, 2017Is Finra Fair to Small Brokers?
Last week Finra CEO Robert Cook said the industry regulator wants to help shape an environment that’s encouraging to small broker-dealers. But many broker-dealers blamed Finra itself for creating a hostile climate for them. Do you think Finra is fair to small broker-dealers? Tell us why you feel this way in the comment section below.
The regulator is fair to small brokers.79% Finra isn't fair to small brokers.