June 20, 2017Are You a Tech Innovator?
A new study suggests firms that keep ahead of tech innovations are more likely to enjoy faster growth. Do you consider yourself:
A tech afficionado who makes sure your firm implements innovative technology60% Less proactive in technology adoption, preferring tried-and-true systems
June 13, 2017Are Clients Now Asking About the Fiduciary Rule?
After a bumpy ride — and more sure to come — the Department of Labor's fiduciary rule finally rolled out for partial implementation last Friday. But do clients know or care about the definition of a fiduciary, new disclosure rules or best interest contract exemption forms? Have you had any queries from your clients about any of these things? Give us specifics in the comments section.
June 6, 2017What Do Calls for a Joint SEC-DOL Fiduciary Standard Really Mean?
Acting at the behest of the Department of Labor, the SEC last week asked for public input on its role in establishing an industry-wide fiduciary standard. What do you think that's about?
It's a way to achieve broader consensus for protecting consumers, beyond just retirement accounts.36% It's a clever way to kill the DOL rule because the SEC is -- as history has shown -- incapable of reaching consensus on this matter.
May 30, 2017Why are Big Firms Hitting the Brakes on the Bonus Train?
With one exception, the wirehouses seem to have cut back on using bonuses to lure highly productive brokerage teams. What, mainly, does this tell you about the big-BD space?
Firms have reached headcount capacity in terms of overall operations.15% They’re relying on “robo” automation to help them field fewer FAs over time.79% They see the economics of “forgiving” loans doesn’t make sense in the long run.
May 23, 2017Does Behavioral Finance Play a Role in Your Practice?
Russell Investments recently attempted to quantify the potential value of behavioral insights to an advisor's value-add proposition. Do you agree it has real value?
No, it's nonsense.20% Sort of.70% Yes, and it's central to our work with clients.
May 16, 2017How Ready Are You for Digitalization?
Meeting growing client demand for services provided via mobile devices calls for a lot of work on the back end to make sensitive data and other key outputs secure "deliverables." How ready is your firm to make that a reality?
We're there already62% It's in the works15% Not gonna happen
May 9, 2017Do You Agree With Vanguard? Is Paid Distribution a Conflict?
Following media reports Morgan Stanley has stopped letting brokers sell Vanguard mutual funds, Vanguard CEO Bill McNabb said the wirehouse’s model of charging fund providers for distribution on their platforms raises conflicts of interest. Do you agree? Explain why or why not in the comments section.
May 2, 2017Happy With Trump's First 100 Days?
Donald Trump's presidency just passed the 100-day milestone. Are you happy with his performance so far? Tell us why in the comments section.
April 25, 2017Should 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.